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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539

Syed Rahman details the issues that still need addressing at FTX after Sam Bankman-Fried’s jailing

Author: Syedur Rahman  8 April 2024

With FTX founder Sam Bankman-Fried having been sentenced to 25 years for fraud, Syed Rahman wrote about the matters now facing the collapsed crypto exchange.

In his article, which was  published on the CFAAR website, Syed considers the plans for FTX customers to recover most of their funds. He also explains how the value of the assets held by FTX have risen and considers whether the Internal Revenue Service’s claims against FTX will take priority. 

Syed’s piece also outlines customer dissatisfaction with how complicated it is to submit claims through FTX’s bankruptcy administrators. 

He concludes that perceptions of crypto appear to be changing, with FTX’s collapse and Bankman-Fried’s jailing “being viewed as individual failings rather than proof that cryptocurrency as a whole is the problem’’.

The full article can be read here.

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Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, international arbitration, civil recovery, cryptocurrency and high-stakes commercial disputes.

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