NEW YORK — There are so many victims of the fraud allegedly perpetrated by FTX founder Sam Bankman-Fried federal prosecutors said it would be impractical for them to individually notify all of them. So, late Friday, the judge overseeing the case authorized an alternative method.
Judge Lewis Kaplan allowed prosecutors to establish a website to inform alleged victims of their rights and of the schedule of proceedings in the case.
The number of FTX investors and customers who prosecutors have said collectively lost $8 billion is likely to exceed 1 million. Federal law requires prosecutors to contact possible crime victims.
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