The United States Attorney’s Office for the Southern District of New York (SDNY) established the FTX Task Force to conduct investigations into the collapse of FTX.
The announcement was made by US Attorney Damian Williams, who was the federal prosecutor in the FTX case involving Sam Bankman-Fried.
US Officials In Search of Missing FTX Funds
The United States Attorney’s Office for the Southern District of New York (SDNY) established the FTX Task Force to track down and recover lost client funds.
Announcing the establishment of the FTX Task Force to conduct investigations and prosecutions regarding the stock market crash, US Attorney Damian Williams said in his statement:
“New York’s Southern District is working day and night to respond to the explosion of FTX. This is a moment when everyone should take responsibility. We are launching the SDNY FTX Task Force to ensure this urgent work continues, powered by all of SDNY’s resources and expertise, until justice is served.”
According to SDNY, the FTX Task Force team consists of senior prosecutors in the securities and commodity fraud, public corruption, money laundering and cross-border criminal enterprise units. The Manhattan U.S. Attorney’s Office continues to conduct its investigation, which it started shortly after FTX filed for bankruptcy on November 11.