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Legal Fight Escalates Around ‘Collusion’ Between Bankman-Fried and Bahamian Government

A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle between the failed crypto firm new leadership and federally indicted former CEO Sam Bankman-Fried.

New FTX CEO John Ray III and lawyers from the firm Sullivan and Cromwell, who represent the company in the Chapter 11 bankruptcy process, have alleged that Bankman-Fried, FTX co-founder Gary Wang and the Bahamian government have colluded to shield hundreds of millions of dollars worth of assets from U.S. court proceedings.

See related article:

 What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in the Bahamas

SBF Charged With Conspiracy, Wire Fraud, Money Laundering by Justice Department, Securities Violations by SEC

Sam Bankman-Fried Blames CZ For The FTX Collapse

(by Colin Wilhelm)

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