Bahamian attorneys requested access to FTX’s customer database The disputed addresses on the database are hosted by Google and Amazon’s cloud services As per a CNBC report on 9 December, Bahamian attorneys requested access to FTX‘s customer database. This was requested in an emergency motion filed with a Delaware bankruptcy judge. The motion filed by […]
‘s customer database. This was requested in an emergency motion filed with a Delaware bankruptcy judge.
The motion filed by the lawyers on behalf of the Bahamas Securities Commission highlighted previous failed attempts to access FTX’s database. As a result, lawyers claimed that FTX’s employees and lawyers obstructed the Bahamian authorities’ access to crucial financial information.“While the Joint Provisional Liquidators are happy to engage in dialogue with the U.S.
The US bankruptcy proceedings will suffer no harm or hardship if this relief is granted, the filing mentioned. The disputed database apparently consisted of personal data, such as wallet addresses, customer balances, deposit and withdrawal records. It also included information pertaining to trades and accounting information. It was hosted on Google Cloud Portal and Amazon Web Services databases.Following a liquidity crisis at FTX, which was mixing assets with the linked hedge fund Alameda Research, the exchange filed for bankruptcy protection last month.
Financial advisory company Alix Partners has been chosen for the task. Matt Jacques, former chief accountant at the Securities and Exchange Commission , leads the team.Subscribe to get it daily in your inbox.
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