Slot Gacor Gampang Menang Situs Slot Gacor

Bahamas files emergency motion in FTX case for access to customer data

John Ray, CEO of FTX Cryptocurrency Derivatives Exchange, arrives at the bankruptcy court in Wilmington, Delaware, U.S., Tuesday, Nov. 22, 2022.

Eric Lee | Bloomberg | Getty Images

Lawyers in the Bahamas filed an emergency case on Friday asking a Delaware bankruptcy judge to compel US executives of failed crypto firm FTX to give them access to databases as part of the proceedings.

The emergency motion alleges that despite “numerous attempts to gain access,”[ads1]; FTX employees and advisors have obstructed Bahamian regulators in their efforts to obtain critical financial information located in Amazon Web services and Google Cloud Portal databases.

The lawyers, working on behalf of the Securities Commission of the Bahamas, said the US bankruptcy proceedings “will not suffer any harm or hardship if this relief is granted.” They seek data about international FTX customers stored on AWS servers, including “wallet addresses, customer balances, deposit and withdrawal records, trades and accounting data.” Google’s technology served as an analytics platform for FTX International’s data.

“While the joint provisional liquidators are happy to engage in dialogue with the US debtors, their refusal to immediately restore access has frustrated the ability of the joint provisional liquidators to carry out their duties under Bahamian law and placed FTX Digital’s assets in danger of disappearance,” the archive says.

FTX filed for bankruptcy protection last month following a liquidity crisis at the crypto exchange, which commingled assets with sister hedge fund Alameda Research. FTX founder Sam Bankman-Fried, who had an estimated net worth of $16 billion before the collapse, will appear before US lawmakers next week.

Read more about technology and crypto from CNBC Pro

Source link

Back to top button