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Voyager Subpoenas Bankman-Fried and Former Alameda Chief Ellison

Voyager Committee of Unsecured Creditors (Voyager UCC) has served subpoenas to executives at FTX and Alameda Research, including FTX founder and ex-CEO SBF, co-founder Gary Wang, and former Alameda head Caroline Ellison.

The exact reason for the subpoenas has not been disclosed. However, it is likely related to Voyager’s insolvency and the potential role that these executives may have played in the company’s financial troubles.

According to a court document submitted on February 18th, attorneys representing Voyager UCC have requested a range of documents related to communications between FTX, the Securities and Exchange Commission (SEC), and the Department of Justice.

Subpoena Details

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The document reveals that the subpoena issued by Voyager UCC includes a request for records pertaining to admissions made by Caroline Ellison and Gary Wang. Attorneys representing Voyager UCC have demanded evidence to support claims made by current CEO John J. Ray III that FTX-related companies “used software to conceal the misuse of customer cash” and did not keep appropriate books and records.

The attorneys have issued subpoenas requesting information related to FTX’s financial status before and after the company filed for bankruptcy on November 11, 2022, as well as details on the loan portfolio shared by Alameda and Voyager.

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The attorneys are also seeking evidence of any breach of fiduciary duty or other wrongdoing committed by any of the executives in relation to the bankruptcy filing. The subpoenas demand that the executives produce all documents and communications related to Voyager Digital, FTX, and Alameda Research.

The subpoenas issued by Voyager UCC suggest that FTX and Alameda Research’s executives may have played a role in Voyager’s financial troubles.

FTX and Alameda Research’s Response

FTX and Alameda Research have not publicly commented on the subpoenas. However, sources familiar with the matter have confirmed that the companies are cooperating with the subpoenas and providing the requested documents to Voyager UCC.

The legal action against FTX and Alameda Research comes as Voyager Digital faces scrutiny over its bankruptcy filing. The company has faced criticism from former employees and creditors who allege that Voyager’s management team mismanaged the company’s finances and misled investors.

The outcome of the legal action remains uncertain, but it is clear that Voyager Digital’s bankruptcy filing has sparked another investigation into the company’s financial practices. The subpoenas issued by Voyager UCC suggest that FTX and Alameda Research’s executives may have played a role in Voyager’s financial troubles, and the evidence obtained through the subpoenas could shed light on what happened in the lead-up to Voyager’s insolvency. We will keep you updated as the story develops.

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