Just in: SBF to Appear in Voyager Bankruptcy Case Lawyers delay
Sam Bankman-Fried, ex-CEO of the collapsed crypto exchange FTX (SBF), is reportedly countering to appearing in the Voyager Digital Ltd bankruptcy matter. The case subpoena required the SBF to appear at McDermott Will & Emery in San Francisco for an inquiry on February 23, 2023.
According to reports, SBF’s lawyer requested that the Californian federal court reject a subpoena from lawyers for unsecured creditors to the bankruptcy trial. The subpoena contains 49 documents that are separate and extensive and must be turned over by February 20.
Marc R. Lewis, a lawyer for SBF, stated that it should be rejected because it wasn’t severed correctly, while calling it unreasonable. He said that this would force them to invoke the fifth amendment constitutional right of the FTX CEO to avoid incriminating themselves.
SBF’s digital asset trading company, Alameda Research, has been shut down and is seeking to draw back $446 million from Voyager. According to reports, the stuck funds may be linked to crypto loans Voyager provided to the trading firm that crashed.
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