Sam Bankman-Fried, former Alameda CEO Caroline Ellison, Bankman-Fried’s father Joseph Bankman, Gary Wang and Nishad Singh have been served subpoenas by bankruptcy administrators. Court documents show that the group of former executives and insiders must produce certain documents by Feb. 16, while Bankman-Fried has until Feb. 17 due to having the most comprehensive list of documents to provide. This subpoena is part of the bankruptcy proceedings of FTX, a cryptocurrency derivatives exchange.
FTX, a cryptocurrency exchange, has been ordered by a court to turn over documents related to a failed takeover offer from Binance. The orders vary for each individual, but all are required to provide communications between FTX and FTX US executives. This is part of an ongoing investigation into the exchange’s operations and the failed takeover offer. FTX has stated that Binance walked away from the offer due to the exchange failing its due diligence process. The documents requested by the court could provide further insight into the failed takeover offer and the exchange’s operations.
Sam Bankman-Fried, former executive of FTX, Alameda, and Emergent Fidelity Technologies, is being asked to provide information on the business performance of the companies, emails from his FTX account and personal Gmail, details on real estate holdings, and supporting documents he made to back up statements he made to Vox as well as tweets made about liquidity at the exchanges. Nishad Singh, FTX’s former engineering chief, is also being asked to provide documents on FTX’s automated liquidation engine and bills for cloud hosting at Amazon. Both Bankman-Fried and Singh are being asked to provide information to prosecutors as part of a deal.
Sam Bankman-Fried, the CEO of FTX, is being asked to provide documents concerning attempts to return real estate to debtors. Reports indicate that FTX purchased $256 million in real estate on the Bahamas, including a $16.4 million mansion where Bankman and his wife resided. In late December, two of FTX’s associates, Ellison and Wang, struck plea deals with prosecutors. Bankman-Fried is now being asked to provide documents related to FTX’s attempts to return the real estate to debtors, as well as any other relevant information. The documents will help to determine whether FTX was successful in returning the real estate or not.
