Bahamian attorneys pursue access to FTX data of international customers

Authorities crossed the globe are warring against clip to bring justness to the millions of radical impacted by the fiscal frauds committed by FTX CEO Sam Bankman-Fried. As portion of the ongoing investigations, attorneys representing the Securities Commission of the Bahamas question entree to FTX’s database with planetary lawsuit information.

The Bahamian attorneys filed an exigency question with a Delaware bankruptcy justice requesting entree to FTX’s lawsuit database to assistance their ongoing investigations. The motion highlighted erstwhile failed attempts to entree the defunct crypto exchange’s database. As a result, the lawyers claimed that FTX employees and counsel prevented authorities from getting captious fiscal information.

The database successful question is reportedly stored connected Amazon Web Services (AWS) and Google Cloud Portal databases, which see idiosyncratic accusation specified arsenic wallet addresses, lawsuit balances, deposit and withdrawal records, trades and accounting data. According to the lawyers, the U.S. bankruptcy proceedings volition "suffer nary harm oregon hardship if this alleviation is granted."

While AWS was utilized to store lawsuit information, FTX utilized Google services arsenic an analytics level for information of users residing extracurricular of the United States. According to the filing sourced by CNBC:

“While the Joint Provisional Liquidators are blessed to prosecute successful dialog with the U.S. Debtors, their refusal to promptly reconstruct entree has frustrated the quality of the Joint Provisional Liquidators to transportation retired their duties nether Bahamian instrumentality and placed FTX Digital’s assets astatine hazard of dissipation.”

The latest domino effect of FTX fraud was felt by media outlet The Block, which had failed to disclose backing from Alameda Research. The Block CEO Mike McCaffrey stepped down from his presumption aft failing to disclose $27 cardinal loans from FTX's sister steadfast Alameda Research.

Related: CZ and SBF duke it retired connected Twitter implicit failed FTX/Binance deal

On Dec. 7, the caller absorption squad of FTX reportedly hired a squad of fiscal forensic investigators to way down the missing lawsuit funds exceeding $450 cardinal successful cryptocurrencies.

As antecedently reported by Cointelegraph, the forensics steadfast is tasked with conducting “asset-tracing” to place and retrieve the missing integer assets and volition complement the restructuring enactment being undertaken by FTX.