US Attorney Forms Special Cell To Investigate FTX
The United States Attorney’s Office for the Southern District of New York (SDNY) has announced the formation of an FTX task force to handle additional FTX investigations and prosecutions.
“The Southern District of New York is working around the clock to respond to the implosion of FTX,” Damian Williams, U.S. Attorney for SDNY, said in a statement. Calling its response an “all-hands-on-deck moment,” Williams added that, “We are launching the SDNY FTX task force to ensure that this urgent work continues, powered by all the SDNY’s resources and expertise until justice is done.”
According to the statement, the newly formed task force will use its asset forfeiture and cyber capabilities to track down and recover billions of dollars in victim funds associated with the defunct cryptocurrency exchange.
(Reporting by Shikha Singh; Editing by Kapil Rajyaguru)
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