{"id":17379,"date":"2023-02-07T20:02:59","date_gmt":"2023-02-07T20:02:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/law-firm-subpoenas-ftx-co-founder-top-executives-and-former-alameda-ceo-over-voyager-digital-deal-bitcoin-news\/"},"modified":"2023-02-07T20:02:59","modified_gmt":"2023-02-07T20:02:59","slug":"law-firm-subpoenas-ftx-co-founder-top-executives-and-former-alameda-ceo-over-voyager-digital-deal-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/law-firm-subpoenas-ftx-co-founder-top-executives-and-former-alameda-ceo-over-voyager-digital-deal-bitcoin-news\/","title":{"rendered":"Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the \u201cAlameda Loan Agreement\u201d between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and former FTX head of product and investor relations Ramnik Arora.<\/strong><\/p>\n

Law Firm Kirkland & Ellis Requests Documentation for Proposed FTX-Voyager Deal<\/h2>\n

Kirkland & Ellis, the law firm representing the now-bankrupt crypto lender Voyager Digital, has sent a subpoena<\/a> to former FTX and Alameda staff including Sam Bankman-Fried<\/a>, Caroline Ellison<\/a>, Gary Wang<\/a>, and Ramnik Arora<\/a>. The lawyers are requesting that the parties produce all documentation and communications associated with the Voyager deal between Alameda Ventures and West Realm Shire Inc., also known as FTX.<\/p>\n

Prior to FTX\u2019s collapse, FTX and Bankman-Fried insisted<\/a> that the crypto exchange would help Voyager\u2019s customers obtain liquidity in July 2022. Bankman-Fried tweeted<\/a> that he was \u201chappy to do what we can to get liquidity to Voyager\u2019s customers\u201d and published a press release<\/a> on PR Newswire detailing how FTX would help the insolvent crypto firm. After the statement from Bankman-Fried and FTX, reports<\/a> emerged that FTX would purchase Voyager and its assets for $1.4 billion.<\/p>\n

However, on October 14, 2022, the Texas State Securities Board (SSB), the Texas Department of Banking, and the Texas attorney general objected<\/a> to FTX\u2019s potential purchase. The Texas securities commissioner stated that an investigation into FTX was needed before the deal could be completed. FTX was under investigation for not being registered as a money transmitter or in any other capacity with the Texas Department of Banking, and also not registered as a securities dealer in the state. Kirkland & Ellis is hoping to obtain all the documents and communications that the subpoenaed individuals may have regarding the proposed FTX\/Voyager deal.<\/p>\n

The lawyers want all documents associated with the Department of Justice fraud case<\/a> and the Securities and Exchange Commission (SEC) case as well. The filing mentions documents related to the \u201cEllison Admissions\u201d and the \u201cWang Admissions.\u201d Attorneys for Voyager are seeking documentation associated with FTX\u2019s new CEO, John J. Ray III<\/a>, and his statements. The lawyers also state that they will need \u201ctext messages, Slack messages, Telegram and Signal messages\u201d between any of the aforementioned parties. The filing also references Bankman-Fried\u2019s tweetstorm from July 24, 2022, and is seeking any communications with Changpeng Zhao (CZ), the founder of Binance.<\/p>\n

Kirkland & Ellis is pursuing any available \u201cFTX-related entities\u2019 trading logs related in any way to the VGX token\u201d between April 2022 and November 11, 2022. Essentially, the law firm\u2019s list is comprehensive and mentions nearly every document that could be tied to FTX\u2019s and Bankman-Fried\u2019s proposed deal to help and then buy Voyager Digital. The subpoenas follow Alameda Research\u2019s attempt<\/a> to reclaim $446 million over alleged \u201cpreferential transfers\u201d to Voyager.<\/p>\n

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Alameda Loan Agreement<\/a>, Alameda Research<\/a>, Alameda Ventures<\/a>, Attorney General<\/a>, Binance<\/a>, Changpeng Zhao<\/a>, communications<\/a>, comprehensive<\/a>, Crypto lender<\/a>, Department of Banking<\/a>, department of justice<\/a>, documentation<\/a>, Ellison Admissions<\/a>, Executives<\/a>, fraud case<\/a>, ftx<\/a>, insolvent<\/a>, John J. Ray III<\/a>, Kirkland & Ellis<\/a>, law firm<\/a>, money transmitter<\/a>, preferential transfers<\/a>, Sam Bankman-Fried<\/a>, Securities and Exchange Commission<\/a>, securities dealer<\/a>, Signal messages<\/a>, Slack messages<\/a>, Subpoena<\/a>, Texas State Securities Board<\/a>, Text Messages<\/a>, trading logs<\/a>, tweetstorm<\/a>, VGX token<\/a>, Voyager Digital<\/a>, Wang Admissions<\/a>, West Realm Shire Inc.<\/a><\/div>\n<\/div>\n

What do you think the outcome of this subpoena will be for FTX and Voyager Digital? Leave your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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