Former FTX CEO Sam Bankman-Fried to Appear in court remotely
Zach Anderson Feb 20, 2023 09:08
According to a Feb. 18 court filing, Sam Bankman-Fried has days to provide documentation to Voyager Digital's unsecured creditors committee.
A request has been made by representatives for Voyager Digital's unsecured creditors to have the former CEO of FTX, Sam Bankman-Fried (SBF), as well as numerous top-level officials from FTX and Alameda Research deliver papers and appear in court remotely for a deposition the next week.
According to a document that was filed on February 18 in the United States Bankruptcy Court for the Southern District of New York, it was indicated that a "Subpoena to Testify at a Deposition in a Bankruptcy Case" had been served on Bankman-Fried.
It was served by the Official Committee for the Unsecured Creditors of Voyager Digital Holdings, which is a defunct cryptocurrency loan exchange. They informed him that he needed to present for the "remote deposition" on February 23.
In addition, it ruled that Bankman-Fried had until February 20 to submit all of the "documents and conversations" that were sought.
This arises as a result of the fact that it was disclosed in a court filing on February 6 that attorneys for Voyager had filed a subpoena on Bankman-Fried in addition to Alameda CEO Caroline Ellison, FTX co-founder Gary Wang, and FTX's head of product Ramnic Arora.
By the 17th of February, it was mandatory for every single person to provide up the desired information.
In the past, Judge John Dorsey had granted FTX debtors permission, in accordance with the regulations of the bankruptcy court, to issue subpoenas requesting information and documents from former FTX coworkers as well as family members of Bankman-Fried.
It was disclosed on February 16 that Bankman-bail Fried's could potentially be revoked after Judge Lewis Kaplan stated that there was "probable cause" to believe that he engaged in attempted witness tampering. Judge Kaplan stated that there was "probable cause" to believe that Bankman-Fried attempted to tamper with a witness.
Previous court filings that were submitted on February 3 indicated that Bankman-holding Fried's company, Emergent Fidelity Technologies, had also applied for protection under the bankruptcy code.
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