Sam Bankman-Fried Fights Subpoena for Remote Deposition
Lawyers for Sam Bankman-Fried oppose a subpoena that would require the former FTX CEO to participate in a remote deposition. They are asking a federal judge to block the subpoena.
Voyager Subpoenas FTX and Alameda Execs as Judge Orders Fee Examiner
Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas requesting information. The subpoenas have a very wide scope, with Voyager’s lawyers seeking copies of any documents and communication between FTX entities and the Securities and Exchange Commission (SEC) or the Department of Justice (DOJ) according to the Feb. 6 filing. Amongst a plethora of other requested documents, the lawyers also want to see information relating to the loan portfolio between Alameda and Voyager as well as FTX’s financial condition before and after it filed for bankruptcy on Nov. 11, 2022. (Cointelegraph)
Voyager Victim Calls for Trustee to Seize Control of the Estate
A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate. In a Feb. 1 motion, Voyager creditor Michelle DiVita accused Voyager of having a “history of financial statement inaccuracies and public misrepresentations that were known, or reasonably discoverable, at the beginning of the bankruptcy proceeding." Due to this pre-bankruptcy conduct, DiVita believes that an examiner or trustee should have been requested, and is now doing so herself. (Cointelegraph)
Voyager Creditors Reject Alameda’s Attempt to Recover $446M
An attempt by defunct crypto trading firm Alameda Research to extract $446 million it made in loan repayments to bankrupt Voyager Digital has been rejected by both the creditors’ committee and Voyager itself, according to court filings.
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC.
FTX Sister Company Alameda Research Sues Voyager Digital for $446M
Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital to claw back the loan repayments FTX made before it collapsed in November. Lawyers managing the FTX and Alameda bankruptcy case sued Voyager for $445.8 million in a Delaware court on Jan. 30. While both companies filed for bankruptcy in 2022, Voyager's chapter 11 filing came four months earlier in July. Following Voyager's Chapter 11, the crypto lender demanded repayment of all outstanding loans to FTX and its affiliate investment firm Alameda Research. (Cointelegraph)
Crypto Bankruptcies Are Very Complicated
The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.
Initial Approval Given for Voyager and Binance.US Deal Amid National Security Probe
Bankrupt crypto lender Voyager Digital received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion. The approval comes amid a national security probe concerning Binance.US that Voyager is seeking to speed up. On Jan. 10, Judge Michael Wiles in the United States Bankruptcy Court for the Southern District of New York allowed Voyager to enter into the asset purchase agreement and seek creditor approval, but the sale will not become final until a future court hearing, according to a Jan. 11 Reuters report. (Cointelegraph)
Voyager Tells Court Binance Acquisition Plan Is ‘Sound Business Judgment,’ Urgently Needed
Bankrupt crypto brokerage Voyager Digital filed documents in United States court Jan. 8 in response to objections raised to the Binance US proposal to buy out its debt. Voyager announced it had approved the offer Dec. 19. The Securities and Exchange Commission (SEC), four states, the U.S. Trustee and Alameda Research filed objections to it.
SEC Moves To Block Binance.US Attempt To Buy Distressed Assets of Voyager Digital
The SEC has objected to an attempt by the American franchise of Binance to buy up assets from the bankrupt crypto lender Voyager Digital, saying more information about the deal is needed.
