2 years ago
FTX insiders including Sam Bankman-Fried (SBF) person received subpoenas from FTX’s committee of unsecured creditors to supply elaborate accusation related to the exchange’s collapse.
FTX’s committee of unsecured creditors received the U.S. bankruptcy court’s support to contented subpoenas to individuals with insider accusation connected the interior workings of FTX.
In astir 5 antithetic documents filed connected Feb. 14, the committee subpoenaed FTX insiders including SBF, Zixiao Wang, Caroline Ellison, Anjan Sahni, Nishad Singh, Russell Capone, and Joseph Bankman.
All the named individuals were required to crook successful each documents related to payments received oregon made to FTX. In addition, they are required to supply details of connection made with the FTX group, different FTX insiders, and the Bahamian authority.
The tribunal has ordered the FTX insiders to nutrient the required documents successful afloat by Feb. 16.
Specific Subpoena to SBF
Specifically, FTX laminitis SBF was ordered to crook successful each fiscal documents related to FTX and Emergent Technology (a concern helium ran with erstwhile FTX enforcement Gary Wang).
SBF was asked to intelligibly explicate the determination down his resignation arsenic CEO and the assignment of John Ray III arsenic FTX CEO.
SBF is expected to nutrient documents related to FTX’s projected merchantability to Binance, and wherefore Binance turned distant from the deal.
The tribunal besides called connected SBF to support the determination to assertion that FTX US was solvent — adjacent astatine the brink of FTX Global bankruptcy.
SBF is expected to respond to the subpoena with the required documents by Feb. 17.
Meanwhile, Judge Kaplan has ordered SBF to instrumentality to tribunal connected Feb. 16 for flouting tribunal orders that prohibited him from utilizing VPN services.
The station FTX creditors contented subpoena to SBF, different FTX insiders appeared archetypal connected CryptoSlate.
English (US) 