Protect FTX Creditors
FTX Creditors have been left out in the cold and out of the ongoing bankruptcy process. Speak up today and help ensure that your funds are spoken for and that you are eventually made whole.
Use our tool to contact the DOJ’s Victim/Witness Coordinator, the Special Trustee’s Representative Juliet Sarkessian, and Associate Attorney General Vanita Gupta to share your concerns about the FTX bankruptcy case.
Step 1 – Email
We’ve provided a sample script to give you an idea of what to say, but you should customize it with your own personal messages and views. Remember to follow the “3 B’s”:
- Be Respectful
- Be Concise
- Be Factual
Send the email to the following addresses:
Wendy Olsen Clancy, Victim/Witness Coordinator | USANYS.FTXVictims@usdoj.gov
Juliet Sarkessian, Representative to the US Trustee | Juliet.M.Sarkessian@usdoj.gov
Vanita Gupta, Associate Attorney General | firstname.lastname@example.org
Re: Protect FTX Creditors
Dear: Ms. Olsen-Clancy:
As one of the 1.4 million FTX Creditors, I am very concerned about the ongoing bankruptcy proceedings and feel like I have been left in the dark throughout this process. Like many of my fellow creditors, it is important to me that this process is resolved fairly and promptly.
I am highly dissatisfied with how this bankruptcy case has unfolded, especially around the lack of transparency and dearth of communications between the Unsecured Creditors Committee and the FTX creditors at large. Alarmingly, recent disclosures highlight excessive spending, such as lawyer fees exceeding $1 million/day, billing for 16-hour days, and $500,000 for a communications specialist without any apparent outreach to creditors. When taken as a whole, it suggests that retail investors are being treated as an afterthought in this process.
I respectfully ask that you continue to push for the appointment of an independent examiner to oversee the process and ensure a fair outcome is achieved.
In particular, we are asking that the independent examiner look into potential conflicts of interest and secure greater transparency from the members of the Unsecured Creditors Committee, shining a spotlight on excessive fees, promoting communication between all parties, and examining several avenues that would allow creditors to recover all funds owed to them, including, but not limited to, clawbacks and the resumption of operations at FTX with creditors receiving equity in the estate.
Thank you for your kind attention to my views on this issue and your ongoing commitment to protecting consumers – we understand that you are an ally in this fight.
cc: Merrick Garland, US Attorney General
Vanita Gupta, Associate Attorney General
Andrew Vara, US Trustee Region 3
Juliet Sarkessian, Representative to the US Trustee
Step 2 – Reach Out Online
Make sure that you spread this call to action among your networks. We will only be successful if we all band together to speak with one voice.
Here is a sample tweet that you can use:
“Are you an FTX Creditor? Frustrated in how the bankruptcy process has been unfolding? Then use this free tool to email the DOJ and share your concerns. #FTX #bankruptcy #crypto #FTXcreditors
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