On behalf of Voyager, law firm Kirkland & Ellis subpoenaed four executives from FTX and Alameda requesting an enormous array of documents.
Attorneys representing bankrupt crypto broker Voyager Digital have served ex-FTX CEO Sam Bankman-Fried and other FTX investigators in Alameda with warrants seeking information.
The subpoena is very broad, with Voyager’s lawyers seeking all documents and communications between FTX and the Securities and Exchange Commission (SEC) or the Department of Justice (DOJ) as of the February 6 filing.
Among the plethora of other documents requested, prosecutors also want to see information related to the loan documents between Alameda and Voyager and FTX’s financial condition before and after Nov. 11.
Other executives who received warrants include former Alameda mayor Caroline Ellison, FTX founder Gary Wang and FTX chief product officer Ramnik Arora – all of whom were asked to provide information as required by February 17.
The financial relationship between Voyager and Alameda is going well, with Alameda seeking to return the $446 million it paid Voyager. In a Jan. 30 filing, he argued that because he had repaid Voyager within 90 days of filing for personal bankruptcy, he could “return” the money for the benefit of his creditors. In response, Voyager said its creditors suffered a “grave injury” when Alameda made an offer for Voyager’s assets that it could not honor, costing Voyager $100.00 and making Alameda’s claims below those of others in debt.
Meanwhile, U.S. Bankruptcy Judge Michael Wiles said he will appoint an auditor to review Voyager’s Chapter 11 debt, according to a Feb. 7 Rules360 report.
It is reported that Wiles suggested that the fees received by these experts in financial matters are higher than expected, and the argument given by the US supervisor made him believe that the financial analyst would be useful. Wiles said, however, that the appraiser may end up costing the estate more than it could save on other professional fees, and suggested paying the appraiser’s fees himself.
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