Suche
Mein Konto
SBF defies order to appear at Voyager Digital bankruptcy hearing
Sam Bankman-Fried (SBF), the founder and former CEO of now-defunct cryptocurrency exchange FTX, is defying an order to testify at crypto broker Voyager Digital's bankruptcy hearing. On Tuesday, SBF's lawyers asked a federal judge to vacate the order because it was not properly served, Bloomberg reported Wednesday. SBF Fights Voyager Subpoena Recall that on February 18, the committee representing Voyager's unsecured creditors served subpoenas on SBF and other senior executives of FTX and Alameda Research. The order required them to appear in court with the necessary documents for a remote hearing. CryptoPotato reported...
SBF defies order to appear at Voyager Digital bankruptcy hearing
Sam Bankman-Fried (SBF), the founder and former CEO of now-defunct cryptocurrency exchange FTX, is defying an order to testify at crypto broker Voyager Digital's bankruptcy hearing.
On Tuesday, SBF's lawyers asked a federal judge to vacate the order because it was not properly served, BloombergreportedWednesday.
SBF fights Voyager's subpoena
Recall that on February 18, the committee representing Voyager's unsecured creditors served subpoenas on SBF and other senior executives of FTX and Alameda Research. The order required them to appear in court with the necessary documents for a remote hearing.
CryptoPotato reportedthat other executives who received the subpoenas included FTX co-founder Gary Wang, former Alameda CEO Caroline Ellison and FTX head of product Ramnik Aurora.
The subpoenas focus on FTXtry to buyVoyager's assets after the brokerage firm filed for bankruptcy. The latter argued that the buyout attempt was inappropriate since the offer was made to promote FTX.
Notably, Alameda Research is also seeking to collect around $446 million from Voyager, related to crypto loans made to the former before the latter went bankrupt.
The subpoena served on SBF's mother regarding his absence requires him to appear in person at the San Francisco offices of McDermott Will & Emery on Feb. 23. However, before that, SBF was supposed to submit 49 separate documents by February 20.
An “unreasonable” arrangement
SBF's lawyers have asked a federal judge in California to block the order, arguing that it was improperly served and could prompt the FTX founder to invoke his constitutional Fifth Amendment right to avoid self-incrimination.
The Fifth Amendment, also known as the right to remain silent, guarantees that the government will not force anyone to reveal incriminating information about themselves. Such a rule applies to subpoena orders and other legal processes.
Meanwhile, representatives of Voyager's unsecured creditors said they were negotiating a deal to delay pre-trial information sharing, including the subpoena. However, SBF's attorney, Marc R. Lewis, told the judge he was unsure of the claim.
.