New courtroom paperwork filed on Feb. 6 by a regulation agency representing high-ranking executives from Voyager Digital search to subpoena information from high Alameda and FTX executives in a authorized tit-for-tat over Voyager’s chapter in July 2022.
Final 12 months, FTX US tried to bail out Voyager Digital, a separate centralized crypto alternate that went bankrupt in July 2022, with 3.5 million prospects and an estimated $1.3 billion in property on the time of its collapse. On the time, Bankman-Fried stated the deal would supply liquidity for purchasers whose funds had been frozen as a result of Voyager’s credit score crunch.
That deal was difficult, nonetheless, when a Texas Safety Board objected to FTX’s buy in October 2022, accusing it of not being registered as a cash transmitter or in every other capability with the Texas Division of Banking.
The subpoena filed by Voyager on Tuesday is asking Sam Bankman-Fried and different high Alameda and FTX executives to supply paperwork and communications concerning the “Alameda Mortgage Settlement” between Alameda Ventures and Voyager. As well as, Voyager Digital has subpoenaed Caroline Ellison, the previous CEO of Alameda Analysis, Gary Wang, a co-founder of FTX, and Ramnik Arora, the previous head of product and investor relations at FTX.
Attorneys representing Voyager within the declare are additionally demanding the manufacturing of all paperwork associated to the fraud case being dealt with by the Division of Justice and the US Securities and Change Fee (SEC), each of which have been not too long ago postponed till after the felony trial of FTX.
The authorized request additionally mentions paperwork concerning the “Ellison Admissions” and the “Wang Admissions,” with Voyager’s legal professionals additionally requesting entry to paperwork associated to the brand new CEO of FTX, John J. Ray III, and his statements. The submitting additionally asks for any textual content messages, Slack messages, Telegram, and Sign messages exchanged between these people. Lastly, communications referring to Bankman-Fried’s Twitter alternate with Changpeng Zhao (CZ), the founding father of Binance, on July 24, 2022.
After it had collapsed, FTX agreed it might pay Voyager $1.42 billion to take over its prospects and made them complete. This was to be an 8% premium to the market worth of the property, paid immediately into the accounts of traders, who would then be transformed to FTX US prospects. Finally, legal professionals representing Voyager are actually in search of any and all accessible “FTX-related entities’ buying and selling logs associated in any technique to the VGX token” from Apr. – Nov. 11, 2022.
The transfer comes per week after FTX filed a separate lawsuit towards Voyager Digital in search of $445.8 million in mortgage repayments that have been made previous to FTX’s chapter in November of final 12 months.
Bankman Fried’s felony trial is predicted to start in October 2023.
