VoyagerDigital subpoenas SBF and others from FTX and Alameda
Voyager Digital has subpoenaed several executives from FTX and Alameda, including Sam Bankman-Fried and Caroline Ellison.
The bankrupt crypto lender’s lawyers have requested documents related to communication between FTX and the SEC.executives and its sister firm, Alameda Research. These executives include founder and former CEO Sam Bankman-Fried, former Alameda chief Caroline Ellison, FTX co-founder Gary Wang and the exchange’s head of product, Ramnik Arora.
Noting current CEO John Ray’s statements that FTX-Related Entities “use[d] software to conceal the misuse of customer funds,” and “the FTX Group did not keep appropriate books and records,” the lawyers have asked for proof of the same. The subpoenas also covered information relating to the loan portfolio between Alameda and Voyager, as well as FTX’s financial condition before and after it filed for bankruptcy on November 11, 2022.“The FTX-Related Entities’ trading logs related in any way to the FTT token in or between March 2022 and November 11, 2022, and the FTX-Related Entities’ Communications related in any way to influence the price of such token.”Additionally, U.S.
However, he also noted that the examiner could end up costing the estate more than it would be able to save in other professional fees, and recommended a cap on the examiner’s fees.Subscribe to get it daily in your inbox.
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