News

Voyager Unsecured Creditors Committee Requests SBF Remote Witness Feb 23

Key Points:

  • Voyager’s unsecured creditors requested the document and SBF appeared to testify remotely on February 23.
  • SBF’s team to provide important documents by February 17th.
  • SBF is required to provide all requested “documents and communications” by February 20.
Sam Bankman-Fried (SBF) and other top executives from FTX and Alameda Research have been requested to submit documents and virtually appear in court for a deposition the next week by Voyager’s Unsecured Creditors.

SBF received a subpoena on February 18 asking them to appear at a bankruptcy deposition that would be taking place, according to a document filed in the US Bankruptcy Court for the Southern District of New York.

He was served with a subpoena by the Official Committee for the Unsecured Creditors of Voyager Digital Holdings, a defunct crypto loan exchange, ordering him to show up on February 23 for the “remote deposition.”

The agreement further stipulated that SBF must deliver all conversations and documents upon request by February 20. The lawyers for Voyager also revealed that they had already sent subpoenas on SBF, Alameda CEO Caroline Ellison, FTX co-founder Gary Wang, and the company’s Head of Product Ramnic Arora in a court document from February 6. The subpoena demanded crucial papers from the SBF team by February 17.

Judge John Dorsey had previously authorised FTX debtors under bankruptcy court rules to issue subpoenas for information and documents from former FTX colleagues and family members of Bankman-Fried.

Currently, SBF is also under strict supervision during the bail period. On February 17, the judge also issued a warning that the former FTX director’s bail could be revoked if he knowingly violated the court order.

Specifically, prosecutors had previously sent letters accusing Bankman-Fried of knowingly accessing a VPN to watch the Super Bowl. This raised concerns that he could be placed under loose house arrest and given the opportunity to influence the testimony of witnesses before the trial.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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