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At least some of Sam Bankman-Fried's immediate familyaren’t cooperating with the probe into the collapsed crypto exchange FTX and should be cross-questioned in court, the company’s lawyers have said in a legal filing made Wednesday.
The father of the founder of the FTX, The mother and father were his "advisors" and should be summoned to appear alongside former executives of the company while the new management of the company is trying to find out what happened to the allegedly embezzled funds, the depository tells.
"Debtors and their advisors have been working around the clock for more than 70 days implementing controls, collecting and protecting estate assets," said the legal deposit made jointly by FTX and representatives of creditors. "Key issues remain, however, regarding many aspects of debtors' finances and transactions", the deposit went on.
Ftx wants to find out who may have received money from ftx, and the communications they have had with its leaders, but they claim that certain potential witnesses are not playing the game despite requests for voluntary cooperation.
The mother of Sam Bankman-Fried, barbara fried, "ignored claims," lawyers say, whereas "debtors have received no significant commitment or response from [former Nishad Chief Engineer] Singh or M. Gabriel bankman-fried," the brother of Sam.
Talks with Sam Bankman-Fried's father's lawyers, Joseph Bankman, are "ongoing" and should lead to a consensual outcome, the depository said.
FTX, known in insolvency proceedings as the Obligor, claims that the lobbying organization of Gabriel Bankman-Fried, Protection in case of pandemics, "bought a multi-million dollar property just blocks from the U.S. capital [sic], who, according to the debtors, were bought with embezzled funds."
Fried's mom's politics committee, Be careful about the deviation, would also have been donated by Sam Bankman-Fried and other FTX employees, and they "resided in a $16.4 million house [in the Bahamas] named after them, even though it was understood that the home was "intended to be owned by the business", it was said.
Sam Bankman-Fried is also due for a subpoena, the depository tells, like Gary Wang and Caroline Ellison, cofounders of FTX, Managing Director of Alameda Research, a merchant company, who, the depository tells, "specifically refused to provide the required information."
The request will be discussed at a Feb. Eight court appearances in the United States bankruptcy court in Delaware. Sam Bankman-Fried's spokesperson failed to respond immediately to the request for comments.
