On February 6th, 2023, a subpoena was issued by law firm Kirkland & Ellis on behalf of Voyager Digital to co-founder of FTX, Sam Bankman Fried as well as other top executives.
The subpoena has been issued to ask for communications and documents related to the ‘Alameda Loan Agreement’, which had been made between Voyager Digital and Alameda Research.
Other important documents have also been requested. Furthermore, Voyager Digital has also sent a subpoena to Caroline Ellison, the former CEO of Alameda Research.
Other people who have been sent subpoenas include Ramnik Arora, the former head of investor relations and products at FTX, and Gary Wang, the co-founder of FTX.
The subpoenas
Kirkland & Ellis is the law firm that is dealing with the bankruptcy process of crypto lender Voyager Digital and has sent the subpoenas mentioned above.
The lawyers have asked all the parties to provide all communication and documentation related to the deal that was agreed upon between West Realm Shire Inc. and Voyager.
Before the collapse of the FTX exchange, Sam Bankman-Fried had insisted in July 2022 that his company would help Voyager’s clients in obtaining liquidity.
He had published an entire press release in which he had talked about how FTX would assist the insolvent crypto lender.
After the statements, reports emerged about FTX acquiring Voyager and its assets for a value of $1.4 billion.
The objection
However, there had been an objection to the potential purchase of Voyager by FTX on October 14th, 2022.
The objection had come from the Texas attorney general, the Texas Department of Banking, and the Texas State Securities Board (SSB).
According to the Texas securities commission, they needed to investigate FTX before the deal could go through.
The company was under investigation for its lack of registration as a money transmitter with the Texas Department of Banking and its lack of registration as a securities dealer.
The law firm is now interested in obtaining any and all documentation that the individuals may have to pertain to the proposed deal between FTX and Voyager.
More documents
In addition, the lawyers are also seeking documents associated with the Securities of Exchange Commission (SEC) case as well as the fraud case of the Department of Justice (DOJ).
The filing has mentioned documents related to ‘Wang Admissions’ and ‘Ellison Admissions’. Voyager attorneys are also interested in the documentation associated with John Jay Ray III, the new FTX CEO.
The lawyers have also asserted that they would require all communications between the parties, including Signal, Telegram, Slack, and text messages.
The filing also mentioned the tweetstorm of Sam Bankman-Fried from July 24th, 2022, and is also asking for any communications with the CEO of Binance, Changpeng Zhao.
The lawyers are also seeking any trading logs of ‘FTX-related entities’ that may be related to the ‘VGX token’ in any way between April and November 11th, 2022.
The list of documents the law firm is seeking is quite comprehensive and essentially covers every document that could be related to the proposed deal of Voyager’s acquisition.