FTX CEO John J. Ray III, who is representing the creditors seeking billions in restitution from the defunct crypto trading firm, submitted on their behalf a victims' statement to Judge Lewis A. Kaplan ahead of Sam Bankman-Fried's sentencing on March 28, 2024. Bankman-Fried was convicted on seven counts of defrauding investors.
Ray did not mince words, poking holes in the sentencing submission given by Bankman-Fried in which he claimed FTX debtors made false claims. Ray describes in his...