“Come clarify your story” Federal Prosecutor to FTX victims
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United States lawyers are asking those who were ripped off by the world's biggest crypto stuntman (Sam Bankman-Fried) to reach out to them. They are also reaching out to the stuntman himself asking him both parties to consider the legal benefits of clarifying their story.
The lawyers explained how million-plus investors and users of the FTX crypto exchange together lost about $8 billion in this whole conundrum.
They have made a webpage for all those who were affected by the case and they have a coordinator whose job is to gather witnesses (Wendy Olsen Clancy). All those affected are being asked to send an email to [email protected] to give and clarify their case.
Also, the US Department of Justice has seized over $450 million of Robinhood shares because of the exchange app’s association with SBF.
During SBF’s court case, he explained that his CTO had needed to take some money out from Alameda Research so they could on buying shares at Robinhood.
The news going around is that the money is necessary for SBF to pay up some of its debtors like BlockFi who claim they have a part of that stake.
The 56 million shares from Robinhood were bought at some time in May of last year.
For all those who have been agitating for SBF to go to jail, he is doing 115 years behind bars for his crime. I think this would be the case for maximum sentencing.
Are we reaching an end to this case? Will all those who are affected get what is due to them? I don’t know how they plan on dealing with all those who were affected and if that email will only carter to US citizens…but in whatever case, it looks as if they are doing their best (they still don’t want to release the list of institutional investors to the press though) but let's say they are doing their best.
Let me know what you think. What smells like bull shit to you? What do you think is spot on?
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