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Bahamas attorneys file emergency motion in FTX case for access to databases with client information - CtrlF.XYZ

Bahamas attorneys file emergency motion in FTX case for access to databases with client information

2 years ago 111

John Ray, main enforcement serviceman of FTX Cryptocurrency Derivatives Exchange, arrives astatine bankruptcy tribunal successful Wilmington, Delaware, US, connected Tuesday, Nov. 22, 2022.

Eric Lee | Bloomberg | Getty Images

Attorneys successful the Bahamas filed an exigency question connected Friday asking a Delaware bankruptcy justice to compel U.S. leaders of failed crypto steadfast FTX to springiness them entree to databases arsenic portion of the proceedings.

The exigency question claims that contempt "many attempts to get access," FTX employees and counsel person stymied Bahamian regulators successful their effort to get captious fiscal accusation located successful Amazon Web Services and Google Cloud Portal databases.

The lawyers, moving connected behalf of the Securities Commission of the Bahamas, said the U.S. bankruptcy proceedings volition "suffer nary harm oregon hardship if this alleviation is granted." They're seeking information connected FTX planetary customers that is stored connected AWS servers, including "wallet addresses, lawsuit balances, deposit and withdrawal records, trades, and accounting data." Google's exertion served arsenic an analytics level for FTX International's data.

"While the Joint Provisional Liquidators are blessed to prosecute successful dialog with the U.S. Debtors, their refusal to promptly reconstruct entree has frustrated the quality of the Joint Provisional Liquidators to transportation retired their duties nether Bahamian instrumentality and placed FTX Digital's assets astatine hazard of dissipation," the filing read.

FTX filed for bankruptcy extortion past period aft a liquidity crunch astatine the crypto exchange, which was intermingling assets with sister hedge money Alameda Research. FTX laminitis Sam Bankman-Fried, who had an estimated nett worthy of $16 cardinal earlier the collapse, volition look earlier U.S. lawmakers adjacent week.

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