A motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the likes of Gabriel Bankman-Fried and Barbara Fried, the brother and mother of the FTX founder.
According to the filing, FTX and its debtors are pursuing estate assets belonging to the company and investors. However, not all Bankman-Fried’s inner circle has replied with requests for information. The filing indicated that legal representatives of Zhe “Constance” Wang, COO of FTX Trading, and Sam’s father, Joseph Bankman, are the only parties that have agreed to cooperate with information sharing.
After filing for bankruptcy, FTX and its debtors have been working to locate and secure assets to provide some semblance of accountability and preserve the value of stakeholder assets. But, as previously reported by Cointelegraph, FTX’s original management had poor record keeping and security controls, which has exacerbated recovery efforts.
The filing also takes aim at the former FTX CEO, citing public promises to ‘help customers’ and ‘explain what happened’ on social media as lip service given his reluctance to voluntarily assist in bankruptcy proceedings.
(By GARETH JENKINSON)
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