Just-In: Sam Bankman Fried & Alameda chief Served with Subpoenas from Voyager

Voyager Digital, an insolvent crypto lender, has sent subpoenas for a number of officials at FTX, as well as its trading arm, Alameda Research, from the Official Committee of Unsecured Creditors, or Voyager UCC. Gary Wang, former Alameda Chief Caroline Ellison, FTX founder Sam Bankman-Fried and former CEO of FTX are among these executives.
Voyager Subpoenas SBF & Gang
According to a document submitted to the court on February 18, Voyager UCC attorneys requested copies of a variety of documents that relate to communications between FTX and the Securities and Exchange Commission. The subpoena also contained a request for records regarding Caroline Ellison’s and Gary Wangs’ admissions.


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The official court document quoted Voyager UCC’s counsel as saying:
[Voyager UCC] served a Subpoena for Samuel Bankman-Fried to Testify at a Debate in a Bankruptcy case on Samuel BankmanFried. The subpoena required him to produce all Documents and Communications that are responsive to the document requests.
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FTX’s Growing Concerns
John J. Ray III, the current CEO of FTX, stated that FTX-related companies “used technology to conceal the misused customer cash” and that “the FTX Group didn’t keep appropriate books or records.” The attorneys demanded evidence to back these claims. The subpoenas also sought information about the loan portfolio held by Voyager and Alameda, as well as FTX’s financial status before and after bankruptcy filings on November 11, 2022.

Michael Wiles, the bankruptcy judge in charge of Voyager’s Chapter 11 US case, had previously indicated that he would appoint an examiner to investigate the professional fees involved in the case. Judge Wiles noted that a fee examiner will prove to be beneficial because bankruptcy proceedings can cost significantly more than originally anticipated. He also suggested that an estate could limit the amount it would pay to the examiner.
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