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PortalCrypt / latest crypto news / In legal settlement, Voyager Digital wants to subpoena records of Alameda and FTX executives

In legal settlement, Voyager Digital wants to subpoena records of Alameda and FTX executives

by Roberta Cesar
08/02/2023
in latest crypto news
Fed and FDIC: Voyager is ordered to stop deceiving customers
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Feb. 6 documents filed by a law firm representing executives of bankrupt centralized cryptocurrency exchange Voyager Digital want to subpoena records of Alameda and FTX executives.

A request seeks access to key managers' documents in a legal settlement over Voyager's bankruptcy last July.

In the letter, attorneys request that Sam Bankman-Fried and other Alameda and FTX executives hand over documents related to the “Alameda Loan Agreement” that occurred between Alameda Ventures and Voyager Digital.

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Additionally, the document also subpoenas Caroline Ellison, former CEO of Alameda Research, Gary Wang, co-founder of FTX, and Ramnik Arora, former head of product and investor relations at FTX.

In 2022, FTX US tried to rescue the exchange. At the time, FTX founder Sam Bankman-Fried said the deal would offer some liquidity to customers who had their funds frozen because of the credit crisis within the company.

A FTX.US won the bid to buy Voyager Digital in September last year, beating Binance and Wave Financial. Voyager accepted the exchange's $1,4 billion offer to buy it. However, in October, the Texas Board of Safety opposed FTX's purchase.

It is worth remembering that, on January 11, the Voyager Digital obtained judicial authorization for a possible $1 billion sale of its assets to Binance.US and has indicated that it will seek to expedite a U.S. national security assessment of the proposed deal, according to a Reuters report.

During a hearing, U.S. District Judge Michael Wiles of the Southern District of New York Bankruptcy Court approved the required documentation describing various features of the proposal to sell the Voyager assets, but requested that the filing documents be amended before certifying them. them.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Tags: AlamedaResearchFTXTravel Digital

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