key takeaways
- FTX wants Sam Bankman-Fried’s inner circle to provide more information about their own personal assets.
- According to the filing, Bankman-Fried’s father, mother and brother were involved in the exchange’s operations in various ways.
- Former FTX COO Constance Wang has also been added to FTX’s roster of experts.
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FTX under John Ray is seeking court approval to subpoena the immediate family of Sam Bankman-Fried, Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried, as well as former stock exchange executives.
A list of FTX experts
The new FTX management wants the old FTX management to cooperate a little more.
The legal adviser of the exchange. requested on January 25 so that Sam Bankman-Fried’s inner circle receive subpoenas to force them to release more information and documents that could help FTX’s creditors.
The lawyers named FTX co-founder Gary Wang, former FTX head of engineering Nishad Singh, former Alameda Research CEO Caroline Ellison and former FTX Trading COO Constance Wang as part of the inner circle of Bankman-Fried.
SBF’s immediate family members were also named in the documents. According to FTX’s new management, SBF’s father, Joseph Bankman, was deeply involved in the company and acted as a senior adviser to the group, especially on tax matters. His mother and brother, Barbara Fried and Gabriel Bankman-Fried, also worked closely with the group to coordinate political donations; both created organizations that received donations from SBF and the rest of their inner circle.
FTX is now requesting that the seven individuals provide information about their own assets and financial transaction history. The company is also seeking clarity on any communication the inner circle members have had with each other regarding FTX.
The company indicated in the filing that only Joseph Bankman and Constance Wang had come forward. He claimed that Gary Wang and Caroline Ellison had expressly refused to provide any information, that Nishad Singh and Gabriel Bankman-Fried had not meaningfully engaged with debtors, and that Barbara Fried had ignored all requests outright.
Disclaimer: At the time of writing, the author of this article owned BTC, ETH, and various other crypto assets.
