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Unsecured Voyager Creditor Requesting Documents and Testimony from SBF, FTX and Alameda Research Executives

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On February 19, the representative of the unsecured creditor of Voyager has asked Sam Bankman-Fried (SBF), the former chief executive of FTX, and some senior e…

Unsecured Voyager Creditor Requesting Documents and Testimony from SBF, FTX and Alameda Research Executives

On February 19, the representative of the unsecured creditor of Voyager has asked Sam Bankman-Fried (SBF), the former chief executive of FTX, and some senior executives of FTX and Alameda Research to provide documents, and asked SBF to testify remotely next week.

The Voyager unsecured creditor committee asked SBF to testify remotely on February 23

Interpretation of the news:


On February 19, an unsecured creditor of Voyager made a request for information from Sam Bankman-Fried (SBF), the former CEO of FTX, and some senior executives of FTX and Alameda Research. The undisclosed creditor has specifically asked for documents from the three entities and has requested for SBF to testify remotely next week.

It is unclear what prompted the request for information from the unsecured creditor and why they singled out SBF and the two companies. However, it is likely that the creditor is seeking to gather more information regarding the bankruptcy proceedings of Voyager, the crypto-asset custodian that filed for Chapter 11 bankruptcy in the US late last year.

FTX and Alameda Research are two significant entities in the cryptocurrency and blockchain industry, with FTX being a rapidly growing cryptocurrency derivatives exchange and Alameda Research being an algorithmic trading firm that specializes in cryptocurrency trading. It is possible that the unsecured creditor has identified some connections between the two companies and Voyager, prompting them to seek additional information from them.

It is worth noting that SBF was initially approached by Voyager regarding a potential acquisition or investment by FTX in Voyager before its bankruptcy filing. This request may also be related to that failed deal and could be an attempt to find out if there was any wrongdoing or mismanagement of funds in relation to that failed acquisition. Furthermore, just prior to Voyager’s bankruptcy, there were reports that its CEO, Stephen Ehrlich, was let go, which may point to internal issues that may have led to the company’s downfall.

Overall, the request for documents and testimony from SBF, FTX, and Alameda Research seems to be an attempt to gather more information about Voyager’s bankruptcy and any potential links the three entities may have to the cryptocurrency custodian. More information is needed to fully understand the extent of what the unsecured creditor is hoping to accomplish with this request, but it is clear that the request signals the ongoing impact of the Voyager bankruptcy case on the wider cryptocurrency industry.

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