NewsletterJust In: SBF To Appear In Voyager Bankruptcy Case? Lawyers Delaying
Crypto News: Sam Bankman-Fried (SBF), Ex-CEO of collapsed crypto exchange FTX, is reportedly countering to appear in the Voyager Digital Ltd bankruptcy case. The subpoena filled in case asked the SBF to appear in the San Francisco office of McDermott Will & Emery for inquiry on February 23, 2023.
SBF Dogding Court Hearings?
According to reports, SBF’s lawyer asked the Californian federal judge to reject a subpoena submitted by lawyers for unsecured creditors in the bankruptcy trial. The subpoena holds 49 separate and wide ranging documents asked to be turned over by Feb 20.
Marc R. Lewis, the SBF lawyer, asserted that should be declined because it wasn’t severed properly while calling it unreasonable. He added that this move would insist him to invoke FTX CEO’s fifth amendment constitutional right to avoid incriminating himself.
However, SBF’s collapsed digital asset trading firm, Alameda Research is looking to draw back around $446 million of funds from Voyager. Reports suggest that the stuck funds are linked to crypto loans that Voyager provided to the crashed trading firm. Read More Crypto News Here…
Can Bankman Avoid This?
Counsels involved in the case mentioned that they are working on a deal to delay pretrial details sharing. This also includes the subpoena. However, SBF’s lawyer rejected to confirm such assurance.
As per reports, the subpoena filed for SBF was delivered to his parent’s house in California. However, Bankman-Fried wasn’t there to receive the subpoena as he was attending a bail hearing for the criminal case.
The horrible collapse of FTX is stated as one of the highest corporate crime cases in US history. It is alleged that a SBF planned the long running scam by misleading investors. He misused billions of dollars of FTX user’s funds to take risky bets and personal expenses.
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