Voyager Creditors Subpoena Sam Bankman-Fried, Other Former FTX, Alameda Executives

Voyager’s creditors also subpoenaed Samuel Trabucco, Nishad Singh, Gary Wang, and Caroline Ellison.

AccessTimeIconFeb 20, 2023 at 4:19 a.m. UTC
Updated May 9, 2023 at 4:08 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Top executives from FTX and Alameda Research have been subpoenaed by Voyager Digital’s unsecured creditors’ committee and are scheduled to appear next week remotely for deposition.

Bankman-Fried and other company executives also were subpoenaed last week by bankruptcy administrators for FTX.

  • Crypto: The Game Is 'Cutthroat': Founder
    00:51
    Crypto: The Game Is 'Cutthroat': Founder
  • Spot Crypto ETFs in Hong Kong Have 'Strong Attachments' to China: OSL Exec
    00:51
    Spot Crypto ETFs in Hong Kong Have 'Strong Attachments' to China: OSL Exec
  • What Happens to the Spot Ether ETF if ETH Is Deemed a Security in Hong Kong?
    00:43
    What Happens to the Spot Ether ETF if ETH Is Deemed a Security in Hong Kong?
  • Hong Kong's 'Mind Boggling' Journey to Bitcoin and Ether ETFs
    19:29
    Hong Kong's 'Mind Boggling' Journey to Bitcoin and Ether ETFs
  • Included in Voyager’s list of subpoenas is Samuel Trabucco, the former co-CEO of Alameda, who has kept a low public profile after retiring from the role in August 2022.

    The depositions are scheduled to be conducted remotely on Feb. 23. Lawyers for Voyager’s creditors are investigating FTX's attempt to bail out crypto lender Voyager Digital when it went bankrupt in July 2022.

    At the time, lawyers representing the bankrupt crypto lender responded to FTX’s proposal by calling it a "low-ball bid dressed up as a white knight rescue."

    “AlamedaFTX essentially proposes a liquidation where FTX serves the role of liquidator. The 'fair value' of Voyager’s cryptocurrency assets and loans is subject to negotiation with AlamedaFTX,” the lawyers wrote at the time, saying the proposal was “designed to generate publicity for itself rather than value for Voyager’s customers.”

    In the end, Binance.US won the bid for Voyager’s assets, and in mid-January, a U.S judge in New York gave the deal a green light to proceed.

    Recently it was reported that Nishad Singh, the former director of engineering for FTX, whom Voyager also subpoenaed, plans to plead guilty to fraud charges.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.