FTX tells court it has evidence Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy. FTX in an emergency court filing said it has evidence Bahamian regulators told former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems to obtain digital assets belonging to the company after it filed for bankruptcy protection.
It said Bankman-Fried transferred those assets to the custody of the Bahamian government.
In the motion, filed in the U.S. Bankruptcy Court in Delaware, FTX said the alleged conduct puts “in serious question” a request by Bahamian regulators for recognition as liquidators in the bankruptcy.
FTX in a bombshell emergency court filing Thursday said it has credible evidence that Bahamian regulators directed former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems to obtain digital assets belonging to the company after it had filed for Chapter 11 bankruptcy protection.
The filing said Bankman-Fried transferred those assets to the custody of the Bahamian government. It cites an interview published by Vox on Wednesday, in which Bankman-Fried expresses serious disdain for regulators.
“F--- regulators,” he said in the interview. “They make everything worse. They don’t protect customers at all.”
“You know what was maybe my biggest single f---up?” he asked. “Chapter 11.”
In the motion, filed in the U.S. Bankruptcy Court in Delaware, FTX said the alleged conduct puts “in serious question” a request by Bahamian regulators for recognition as liquidators in the bankruptcy.
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