FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy

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Sam Bankman-Fried, laminitis and main enforcement serviceman of FTX Cryptocurrency Derivatives Exchange, speaks during an interrogation connected an occurrence of Bloomberg Wealth with David Rubenstein successful New York, US, connected Wednesday, Aug 17, 2022.

Jeenah Moon | Bloomberg | Getty Images

FTX successful a bombshell exigency tribunal filing Thursday said grounds suggests Bahamian regulators directed erstwhile CEO Sam Bankman-Fried to summation "unauthorized access" to FTX systems to get integer assets belonging to the institution aft it had filed for bankruptcy protection.

The filing said that Bankman-Fried transferred those assets to the custody of the Bahamian government. It cites an interview published by Vox connected Wednesday wherever Bankman-Fried expresses superior disdain for regulators.

"F--- regulators," helium said successful the interview. "They marque everything worse. They don't support customers astatine all."

"You cognize what was possibly my biggest azygous f----p?" helium asked. "Chapter 11."

The accusations were made by FTX successful a question successful the United States Bankruptcy Court successful Delaware. In that motion, FTX said the alleged behaviour puts "in superior question" a petition by Bahamian regulators for designation arsenic liquidators successful the bankruptcy.

"[I]n transportation with investigating a hack connected Sunday, November 13, Mr. Bankman-Fried and [FTX co-founder Gary] Wang, stated successful recorded and verified texts that "Bahamas regulators" instructed that definite post-petition transfers of Debtor assets beryllium made by Mr. Wang and Mr. Bankman-Fried (who the Debtors recognize were some efficaciously successful the custody of Bahamas authorities) and that specified assets were "custodied connected FireBlocks nether power of Bahamian gov't," the filing said.

"The Debtors frankincense person credible grounds that the Bahamian authorities is liable for directing unauthorized entree to the Debtors' systems for the intent of obtaining integer assets of the Debtors—that took spot aft the commencement of these cases. The assignment of the JPLs and designation of the Chapter 15 Case are frankincense successful superior question," the filing continued.

Sam Bankman-Fried was not instantly disposable to comment. The instrumentality firms representing FTX, Landis Rath & Cobb and Sullivan & Cromwell, did not respond to a petition for comment. CNBC did not instantly person a effect to an email to the Securities Commission of the Bahamas.

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