Former FTX executives to testify in court
2023.02.19 06:28
Former FTX executives to testify in court
By Ray Johnson
Budrigannews.com – Voyager’s Unsecured Creditors’ representatives have asked Sam Bankman-Fried (SBF), the former CEO of FTX, and a number of high-level executives from FTX and Alameda Research to provide documents and appear remotely in court next week for a deposition.
According to a court filing made on February 18 in the United States Bankruptcy Court for the Southern District of New York, a “Subpoena to Testify at a Deposition in a Bankruptcy Case” has been served on Bankman-Fried.
A portion of the summons that Voyager issued to Sam Bankman-Fried. Source: cases.stretto.com
The Official Committee for the Unsecured Creditors of Voyager Digital Holdings, a failing crypto lending exchange, served it and informed him that he had until February 23 to appear for the “remote deposition.”
Additionally, it stated that Bankman-Fried was required to provide all requested “documents and communications” by February 20.
This comes after it was revealed in a court filing on February 6 that Voyager’s attorneys had served subpoenas on Bankman-Fried, Alameda CEO Caroline Ellison, FTX co-founder Gary Wang, and FTX head of product Ramnic Arora.
By Feb. 17, all individuals were required to provide the requested data.
Under the rules of the bankruptcy court, Judge John Dorsey had previously authorized FTX debtors to issue subpoenas for information and documents from Bankman-Fried’s former FTX colleagues and family.
After Judge Lewis Kaplan stated that there was “probable cause” to believe that Bankman-Fried engaged in an attempted witness tampering, it was made public on February 16 that Bankman-Fried could potentially have his bail revoked.
Emergent Fidelity Technologies, the holding company of Bankman-Fried, was also mentioned in earlier court documents that were filed on February 3.
