2 years ago
New tribunal documents filed connected Feb. 6 by a instrumentality steadfast representing high-ranking executives from Voyager Digital question to subpoena records from apical Alameda and FTX executives successful a ineligible tit-for-tat implicit Voyager’s bankruptcy successful July 2022.
Last year, FTX US attempted to bail retired Voyager Digital, a abstracted centralized crypto speech that went bankrupt successful July 2022, with 3.5 cardinal customers and an estimated $1.3 cardinal successful assets astatine the clip of its collapse. At the time, Bankman-Fried said the woody would supply liquidity for customers whose funds had been frozen owed to Voyager’s recognition crunch.
That woody was complicated, however, erstwhile a Texas Security Board objected to FTX’s acquisition successful October 2022, accusing it of not being registered arsenic a wealth transmitter oregon successful immoderate different capableness with the Texas Department of Banking.
The subpoena filed by Voyager connected Tuesday is asking Sam Bankman-Fried and different apical Alameda and FTX executives to supply documents and communications regarding the “Alameda Loan Agreement” betwixt Alameda Ventures and Voyager. In addition, Voyager Digital has subpoenaed Caroline Ellison, the erstwhile CEO of Alameda Research, Gary Wang, a co-founder of FTX, and Ramnik Arora, the erstwhile caput of merchandise and capitalist relations astatine FTX.
Lawyers representing Voyager successful the assertion are besides demanding the accumulation of each documents related to the fraud lawsuit being handled by the Department of Justice and the US Securities and Exchange Commission (SEC), some of which were precocious postponed until aft the transgression proceedings of FTX.
The ineligible petition besides mentions documents regarding the “Ellison Admissions” and the “Wang Admissions,” with Voyager’s lawyers besides requesting entree to documents related to the caller CEO of FTX, John J. Ray III, and his statements. The filing besides asks for immoderate substance messages, Slack messages, Telegram, and Signal messages exchanged betwixt these individuals. Finally, communications relating to Bankman-Fried’s Twitter speech with Changpeng Zhao (CZ), the laminitis of Binance, connected July 24, 2022.
After it had collapsed, FTX agreed it would wage Voyager $1.42 cardinal to instrumentality implicit its customers and made them whole. This was to beryllium an 8% premium to the marketplace worth of the assets, paid straight into the accounts of investors, who would past beryllium converted to FTX US customers. Ultimately, lawyers representing Voyager are present seeking immoderate and each disposable “FTX-related entities’ trading logs related successful immoderate mode to the VGX token” from Apr. – Nov. 11, 2022.
The determination comes a week aft FTX filed a separate lawsuit against Voyager Digital seeking $445.8 cardinal successful indebtedness repayments that were made anterior to FTX’s bankruptcy successful November of past year.
Bankman Fried’s transgression proceedings is expected to statesman successful October 2023.
The station Voyager Digital woody nether accrued scrutiny arsenic instrumentality steadfast subpoenas SBF and FTX, Alameda execs appeared archetypal connected CryptoSlate.
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