Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’

Published at: Feb. 19, 2023

Representatives for Voyager's Unsecured Creditors have requested that former FTX CEO Sam Bankman-Fried, provide documents and appear in court remotely next week for a deposition.

A court filing on Feb. 18 in the United States Bankruptcy Court for the Southern District of New York, stated that Bankman-Fried has been served a “Subpoena to Testify at a Deposition in a Bankruptcy Case.”

It was served by the Official Committee for the Unsecured Creditors of Voyager Digital Holdings, a bankrupt crypto lending exchange, who stated that he must appear for the “remote deposition” on Feb. 23.

It also stated that Bankman-Fried produce all requested “documents and communications” no later than Feb. 20.

This comes after it was revealed in a Feb. 6 court filing that Voyager’s lawyers had served a subpoena to Bankman-Fried as well as Alameda CEO, Caroline Ellison, FTX co-founder, Gary Wang and FTX’s head of product, Ramnic Arora.

All individuals were required to provide the requested information by Feb. 17.

Judge John Dorsey had previously authorised FTX debtors under bankruptcy court rules to issue subpoenas for information and documents from former FTX colleagues and family members of Bankman-Fried.

Related: Sam Bankman-Fried seeks to access FTX funds

It was revealed on Feb.16 that Bankman-Fried could potentially have his bail revoked after Judge Lewis Kaplan stated that there was “probable cause” to believe that he engaged in attempted witness tampering.

Previous court documents filed on Feb. 3 also revealed that Bankman-Fried’s holding company, Emergent Fidelity Technologies, filed for bankruptcy protection.

Tags
Law
Ftx
Related Posts
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future. Ever since CZ publicly announced Binance’s intent to liquidate its FTX Token (FTT) holdings, investors anticipating a price dump began selling off their FTT holdings as a means to minimize their losses. What followed was a steep 86% drop in FTT’s market value, down from the $22 range to $3 in a matter of hours. However, the eventful day concluded with …
Regulation / Nov. 9, 2022
My story of telling the SEC ‘I told you so’ on FTX
“I hate to say I told you so” is a phrase oft-repeated but rarely sincere. It’s a delightful feeling to claim credit for warning about a problem in advance. That’s a liberty I’m taking with federal financial regulators at the United States Securities and Exchange Commission. In January of this year, while serving as a member of the SEC Investor Advisory Committee that advises SEC Chairman Gary Gensler on crypto and other matters, I filed a petition with the SEC. I asked them to open a formal public comment about unique issues presented by crypto and other digital assets. I …
Regulation / Nov. 21, 2022
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials. Following the FTX collapse in November, Bahamas government officials reportedly asked Bankman-Fried to mint new digital assets worth “hundreds of millions of dollars,” lawyers for FTX said in a court filing, Bloomberg reported on Dec. 12. The authorities also reportedly asked the former FTX CEO to transfer the new tokens to the control of island officials. The report also suggests that Bahamas officials tried to help Bankman-Fried regain access to key computer systems of the now-defunct FTX trading platform. According …
Regulation / Dec. 13, 2022
Sam Bankman-Fried wants to see indictment before extradition to US: Report
Former FTX chief executive officer Sam Bankman-Fried, who is currently facing multiple charges related to wire fraud and securities fraud, reportedly said he wanted to see the indictment against him before agreeing to extradition to the United States. Appearing in an emergency hearing of the Bahamas Magistrate Court on Dec. 19 for the first time since his bail was denied, Bankman-Fried reportedly said he was willing to not fight the process required for extradition to the United States but wanted to see all the charges against him. He spent the last week in the Bahamas’ Fox Hill Prison, a facility …
Regulation / Dec. 19, 2022
Sam Bankman-Fried to reportedly plead not guilty to criminal charges
Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was arrested in the Bahamas at the request of the U.S. government under suspicion of defrauding investors and misappropriation of funds held on the FTX crypto exchange. Following a court hearing on Dec. 22, SBF was released on bail and is slated to appear on court on Jan.3 before U.S. District Judge Lewis Kaplan in Manhattan. During the hearing, SBF is expected to enter a plea of …
Regulation / Dec. 31, 2022