John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried’s lawyers to reduce his sentence, emphasizing that the victims of the fraud “have suffered and continue to suffer.” 

On Wednesday, Ray penned a victim impact statement, addressing Judge Lewis Kaplan on behalf of FTX and its “millions of creditor victims.” 

The purpose was to rectify the “material misstatements and omissions” made in Bankman-Fried’s sentencing submission.