Crypto News

FTX Debt Collectors Seek Legal Action Against Sam Bankman-Fried’s Close Associates

FTX Creditors Aim to Subpoena Sam Bankman-Fried's Key Inner Circle Members

Debtors of FTX, the cryptocurrency exchange, are seeking subpoenas to obtain information from the inner circle of its founder, Sam Bankman-Fried.

The United States Bankruptcy Court for the District of Delaware filed a motion to locate and secure assets belonging to the company and its investors.

Only the legal representatives of FTX’s COO and Bankman-Fried’s father have agreed to share information.

FTX’s former CEO has not cooperated with the bankruptcy proceedings despite public promises on social media.

Several other FTX insiders, including Barbara Fried, Gary Wang, and Caroline Ellison, have also ignored requests for information.

The subpoena is expected to help recover substantial assets that were transferred prior to the collapse of FTX.

The filing argues that similar action is routine in bankruptcy cases for former executives and advisors to produce information.


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