FTX lawyers seek court permission to subpoena Sam Bankman-Fried and his family

FTX bankruptcy lawyers have asked the court to permit subpoenaing the exchange’s founder, Sam Bankman-Fried, his family, and several former top executives of the company. The Block reports this, citing documents.

According to the motion, permission to issue subpoenas is crucial to efforts to recover debts. The documents list:

• Bankman-Fried’s parents;
• his brother, Gabriel;
• FTX co-founders Gary Wang and Nishad Singh;
• former Alameda Research CEO Caroline Ellison;
• former FTX Trading COO Constance Wang.

“Insiders are best placed to provide information useful for unraveling the complex network of organisations and transactions they created,” the document says.

In January, it emerged that U.S. federal prosecutors seized assets worth $697 million from Bankman-Fried. The amount largely consists of 55.2 million shares of Robinhood, which are valued at about $526 million (as of the close on January 21).

Earlier, FTX’s bankruptcy lawyers filed a detailed list of creditors of the exchange spanning more than 100 pages. Among them were Apple, Google, Amazon, Coinbase, The New York Times and others.

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