Voyager Digital deal under increased scrutiny as law firm subpoenas SBF and FTX, Alameda execs
new court documents The law firm representing high-ranking Voyager Digital executives filed on Feb. 6 in legal retaliation for Voyager’s July 2022 bankruptcy.
Last year, FTX US attempted to bail out Voyager Digital, another centralized cryptocurrency exchange that went bankrupt in July 2022, with 3.5 million customers and an estimated $1.3 billion in assets at the time of bankruptcy. bottom. Bankman-Fried said at the time that the deal would provide liquidity to customers whose funds were frozen due to Voyager’s credit crisis.
But that deal was complicated in October 2022 when the Texas Security Board opposed the FTX acquisition, accusing it of not being registered as a money transfer operator or otherwise with the Texas Department of Banking.
of Summon Documents filed by Voyager on Tuesday asked Sam Bankman-Freed and other Alameda and FTX executives to provide documents and correspondence regarding the “Alameda Loan Agreement” between Alameda Ventures and Voyager. there is Additionally, Voyager Digital has summoned former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and his former FTX head of product and investor relations Ramnik Arora. .
Attorneys representing Voyager in the lawsuit have also requested the production of all documents related to fraud cases being processed by the Department of Justice and the U.S. Securities and Exchange Commission (SEC), both of which recently filed for FTX’s criminal trial. deferred until later. .
The legal request also lists documents relating to “Ellison’s approval” and “King’s approval,” and Voyager’s lawyers have linked FTX’s new CEO, John J. Ray III, to documents related to his statement. is also requesting access to The filing also seeks text, Slack, Telegram, and Signal messages exchanged between these individuals. Finally, on July 24, 2022, a correspondence regarding his Twitter exchange of his Bankman-Fried with Binance founder Changpeng Zhao (CZ).
After bankruptcy, FTX agreed to pay Voyager $1.42 billion to take over its customers and bring them to perfection. This is his 8% premium over the market value of the asset, paid directly into the investor’s account and converted to FTX US customers. Ultimately, the attorney representing Voyager is now seeking all available “transaction logs of her FTX-related entities related to VGX tokens” from April 2022. .
The move comes a week after FTX filed Separate lawsuit Voyager Digital seeking repayment of a $445.8 million loan made before FTX filed for bankruptcy last November.
Bankman Fried’s criminal trial is set to begin in October 2023.
