FTX and affected parties have requested court subpoenas to force Sam Bankman-Fried’s closest advisers to provide documents and information for ongoing investigations.
With the bankruptcy proceedings again, FTX and the affected parties have asked the blood relatives of former CEO Rob Bankman-Fried to provide information and documentation.
A resolution submitted to the Delaware foreign bankruptcy court sought meaningful information from Gabriel Bankman-Fried and Barbara Fried, the second being the buddies and mothers of FTX's founders.
According to the filing, FTX and the borrower have sought real estate property belonging to the company and investors. However, not all Bankman-Fry 's key social circles responded to my request for information. According to the documents, the laws and regulations of Wang Xiao, FTX Trading's chief strategy officer, and Nick's father, Franz Bankman, mean that they are the only remaining parties that allow collaboration with information sharing.
Since the bankruptcy declaration, FTX and borrowers have been trying to protect property in order to provide some superficial accountability and maintain the use value of related assets. However, as previously reported by Cointelegraph, FTX's initial management records and security management were improperly stored, which aggravated the recovery effort.
The document also focused on the former FTX chief executive, saying that because he did not want to help the bankruptcy process himself, public promises to "help the business" and "state what happened" on social platforms were casual.
But despite this statement, Mr. Samuel Bankman-Fried did not respond to or comply with the request on his own terms. Therefore, the subpoena authorized by the people's court must be sent out.
Bankman-Fry is not the only company within FTX that does not meet the collaboration request. Wang Gamo, the former technical director of FTX Group, and Caroline Ellison, CEO of the Alameda Research Center, declined requests for information, while Barbara Fred was completely indifferent to the request.
FTX Group founders Nishad Singh and Gabriel Bankman-Fried do not cooperate with each other in the ongoing bankruptcy proceedings to provide all "valuable touches" or responses.
The court subpoena, seeking to gather a lot of information from Bankman-Fry and consultants, was boasted of transferring "a lot of additional real estate property" before FTX collapsed.
The documents also make up lies, and people's courts generally instruct former management and consultants to provide information in bankruptcy cases, and the collapse of FTX should do the same.