Bankrupt crypto lender Voyager Digital has taken legal action by serving subpoenas to several executives from FTX and its sister firm, Alameda Research.
The executives named in the subpoena include Sam Bankman-Fried, former CEO of FTX, Caroline Ellison, former Alameda chief, Gary Wang, co-founder of FTX, and Ramnik Arora, head of product at FTX.
The subpoenas, which were issued on February 6, request copies of documents related to the communications between FTX, the Securities and Exchange Commission, and the Department of Justice.
The lawyers representing Voyager Digital have also requested proof of the statements made by current CEO John Ray that FTX-related entities used software to conceal the misuse of customer funds and did not keep appropriate books and records.
The subpoenas also cover information regarding the loan portfolio between Alameda and Voyager, as well as FTX’s financial condition before and after its November 2022 bankruptcy filing.
The subpoenas have also requested information regarding the FTX-related entities’ trading logs and communications related to the FTT token between March 2022 and November 11, 2022, which influenced the price of the token.
U.S. bankruptcy judge Michael Wiles has also announced that he will appoint a fee examiner to review professional fees incurred in Voyager’s Chapter 11 case.
The judge noted that the fees are higher than expected, and the appointment of a fee examiner would be beneficial. However, Judge Wiles also recommended that a cap be placed on the examiner’s fees to prevent the estate from incurring additional costs.
