SBF opposes the arrangement of appearing in the bankruptcy hearing of Voyager Digital
SBF opposes the arrangement of appearing in the bankruptcy hearing of Voyager Digital
Sam Bankman-Fried (SBF), the founder and former CEO of the now dissolved cryptocurrency exchange FTX, opposes an arrangement in the insolvency negotiation of the Kryptobrokers Voyager Digital.
On Tuesday, the lawyers from SBF asked a federal judge to lift the order because it was not properly delivered, Bloomberg reported Wednesday.
SBF fights the summons of the Voyager
remember that the committee, which represents the unsecured creditors of Voyager, delivered lectures from SBF and other high -ranking managers from FTX and Alameda Research on February 18. The decision demanded that they appear with the necessary documents for a remote questioning in court.
cryptopotato reported that belonged to the other executives who received the lectures, including the FTX co-founder Gary Wang, former Alameda CEO Caroline Ellison and the product leader of FTX, Ramnik Aura.
The lectures focus on ftx try to buy voyagers assets after the brokerage company had registered bankruptcy. The latter argued that the attempted buyout was inappropriate because the offer was made to advertise FTX.
It is noteworthy that Alameda Research also tries to collect around $ 446 million from Voyager, in connection with crypto loans that were granted before the latter went bankrupt.
The summons that the mother of SBF was delivered because of his absence demands that he will be published personally in the McDermott Will & Emery offices in San Francisco on February 23. Before that, however, SBF should submit 49 separate documents by February 20th.
an "unreasonable" arrangement
The lawyers of SBF have asked a federal judge in California to block the order, with the argument that it was not properly delivered and the FTX founder could arrange for his constitutional law of the fifth change to avoid self-stress.
The fifth constitutional additive, also known as silent, guarantees that the government does not force anyone to reveal stressful information about itself. Such a rule applies to instructions for summons and other legal proceedings.
In the meantime, representatives of the unsecured creditors from Voyager announced that they would negotiate a deal to delay the exchange of information before the process, including the summons. The lawyer of SBF, Marc R. Lewis, told the judge, however, that he was not sure.
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