Voyager Digital’s legal team has subpoenaed multiple security from sister firms Alameda Research and FTX including Caroline Ellison and Sam Bankman. The lawyers of the insolvent crypto lending team have requested documents relating to relevant communication between the SEC and FTX.
The subpoenaed executives include the former CEO, Bankman, the former chief of Alameda Research, Gary Wang, the co-founder of FTX, and Ramnik Arora, the products head of the exchange.
A filing on February 6, 2023, by the court, has revealed that Voyager Digital advocates have asked for copies of several documents involving some form of communication between the SEC, FTX, and the DOJ. Also included in the subpoena are requests for documents directed towards Ellison and admissions by Gary Wang.
The lawyers have referred to statements from present CEO John Ray that entities related to FTX concealed the mismanagement of client funds through software. The CEO also stated that FTX also failed to retain appropriate records and books. The legal team has requested proof of such claims from the present CEO.
Subpoenas Have Linked Inform About Loan Portfolio Related To Voyager
The subpoenas have also linked information about the credit portfolio initiated between Voyager and Alameda. There has also been an investigation into the financial condition of FTX before it filed for liquidation, and also after, in November last year.
The subpoena has particularly demanded the trading logs of the FTX and related entities that were linked to the FTX tokens between March and November 2022. It has also sought information about communications between FTX and Related Entities that are linked in some way to the influence of the rate of similar tokens.
A fee examiner has also been appointed by Michael Wiles, the American bankruptcy judge. He will be tasked to examine professional fees linked to the Chapter eleven case of Voyager. The judge has remarked that the fees that are part of the insolvency case are much higher and require the services of a fee examiner.
