The U.S. DOJ has submitted 52 victims’ statements to the Attorney’s Office, as Sam Bankman-Fried is scheduled for sentencing on Thursday.
The statements revealed the emotional and financial distress of numerous victims. A former member of the Unsecured Creditors Committee (UCC) discloses a personal claim of $4 million.
FTX’s collapse took all of the victim’s life savings and forced his resignation due to his inability to sustain a no-income period. The former UCC member expresses a loss beyond finances, describing that the incident had forced him into critical depression.
The victim details how FTX’s collapse disrupted his home life, negatively impacting his marital bond and lifestyle. He argues for valuing assets based on their worth today, not just their value at the time of FTX’s bankruptcy filing.
A Spanish investor describes the betrayal felt after investing savings with dreams of entrepreneurship. FTX’s high-profile advertising drew in this victim, but ultimately, the collapse shattered his plans for a future business.
An Italian victim went through her ‘worst nightmare,’ as she previously held funds in Celsius. She moved her funds
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Author: Mohammad Shahidullah
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