The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family.
The presiding judge in charge of the FTX bankruptcy at the password trading center granted a motion to allow the company's debtors to require oral subpoenas of information and documents to Rob Bankman-Fried's former colleagues and family.
In a document filed on February 8th, Chief Justice Robert Dorsey stated that under the relevant rules of the bankruptcy court, FTX debtors have the right to send court subpoenas to some of themselves to "provide documents, information stored in electronic devices or tangible objects".
In the initial motion filed on January 25th, the target of the subpoena was defined as insiders who did not "collaborate with debtors at this stage to provide important information"-a roster that included Bankman Fried, Caroline Ellison, former CEO of the Alameda Research Center, and King Gamo, founder of FTX, and direct blood relatives of SBF.
"the debtor couple tried to consult with all insiders to arrange a mutually agreed time, duration, place and scope of production," the document said on January 25. " So far, no insider under the control of this motion has been allowed to give the required information.
On February 8th, Judge Dorsey granted an independent motion to orally subpoena "relevant third parties" related to the discovery of a trade secret investigation. The initial documents submitted in January did not include the names of third parties, but added that they may have "practical and direct evidence that is important to the debtor's asset recovery efforts and research" to investigate the $300m unauthorized relocation.
Proceedings are under way in the bankruptcy court to consider whether a separate auditor should be assigned to the FTX case to operate with the debtor. Judge Dorsey is expected to rule on the matter at a hearing on February 9.
In the criminal court, Bankman-Fry was charged with eight charges related to suspected illegal acts and asset transfer between FTX and Alameda. On Feb. 7, Wilshere Jones, the United States Attorney for the Southern District of New York City, protested to the court, delaying the civil case referred to by the Foreign Securities and Exchange Commission and the Commodity Futures Trading Federation against SBF "until the parallel criminal case is over."