A judge approved FTX’s request to issue subpoenas to Bankman-Fried, his parents Barbara Fried, Caroline Ellison and others.
Failed crypto firm FTX received court approval on Wednesday to issue subpoenas to its founder Sam Bankman-Fried and members of his family as part of the company’s investigation into “misappropriated and stolen” funds.
FTX, a once-prominent crypto exchange, filed for bankruptcy protection in November amid allegations that Bankman-Fried used FTX customers’ money to prop up the balance sheet of the FTX-affiliated hedge fund Alameda Research. FTX said that it needs more information from former insiders, including its indicted founder, to identify misspending that could be clawed back to repay FTX’s customers.
US Bankruptcy Judge John Dorsey, who is overseeing FTX’s Chapter 11 proceedings, approved FTX’s request to issue subpoenas to Bankman-Fried, his parents Barbara Fried and Joseph Bankman, his brother Gabriel Bankman-Fried, former FTX Chief Technology Officer Gary Wang, former Alameda Research CEO Caroline Ellison, and former FTX chief operating officer Constance Wang.FTX said in court papers filed Wednesday that most of the subpoena targets had begun cooperating with its investigation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried heads to court after judge rejects bail requestFTX founder Sam Bankman-Fried will head to a New York courtroom Thursday to face a federal judge who said his effort to contact a likely trial witness...
Read more »
Robinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary WangRobinhood’s board of directors authorized the company to pursue purchasing most or all of the 55 million shares that a holding company for former FTX execs Sam Bankman-Fried and Gary Wang bought in May 2022. By NelWang
Read more »
FTX's Bankman-Fried, prosecutors reach deal over contact with employeesFTX founder Sam Bankman-Fried has reached an agreement with U.S. prosecutors that would let him contact some current or former employees of cryptocurrency companies he once controlled, even as he accepts other restrictive bail conditions.
Read more »
U.S. judge rejects bail proposal for FTX founder Bankman-FriedA federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried's bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns.
Read more »
FTX Bankruptcy Judge Allows Company to Subpoena Founder Bankman-Fried, Other 'Insiders'NEW: The judge overseeing FTX's bankruptcy has authorized the company to subpoena its former executives, including founder Sam Bankman-Fried, as well as Bankman-Fried's family, for information about where FTX funds may have gone. nikhileshde reports
Read more »
Sam Bankman-Fried Lawyer Says Agreement Has Been Reached on Use of Messaging AppsAn attorney for Sam Bankman-Fried said an agreement had been reached to modify the former FTX CEO’s bail conditions on using various messaging apps. By NelWang
Read more »