The SDNY has created the FTX Task Force in order to trace and recover missing customer funds, as well as investigate and prosecute related criminal activity after the exchange’s collapse.

Comprised of senior prosecutors from several units, the task force will use its asset forfeiture and cyber capabilities to try and locate the missing funds.

Sam Bankman-Fried, FTX’s founder, has been charged with several crimes, including wire and securities fraud, money laundering, and violating campaign finance laws.

Additionally, FTX’s new management has enlisted the help of financial advisory firm AlixPartners to conduct asset-tracing efforts in order to locate the missing funds.

The incident has been linked to the exchange’s operations in the Bahamas, where many of the alleged criminal acts are thought to have occurred.