SBF Refuses to Testify in Bankruptcy Case of Voyager Digital, Cites Legal Concerns
On February 22, according to Bloomberg News, Sam Bankman-Fried (SBF), the former chief executive of FTX, refused to testify in the bankruptcy case of Voyager D…
On February 22, according to Bloomberg News, Sam Bankman-Fried (SBF), the former chief executive of FTX, refused to testify in the bankruptcy case of Voyager Digital. Marc R. Lewis, the lawyer of SBF, asked the court on Tuesday to refuse the summons issued by the lawyer of the unsecured creditor of Voyager.
SBF refused to testify in the Voyager Digital bankruptcy case
Interpretation of the news:
Sam Bankman-Fried (SBF), former CEO of FTX, has refused to give testimony in the bankruptcy case of Voyager Digital, according to Bloomberg News on February 22. The request to refuse the summons for SBF by the lawyer of an unsecured creditor, as put forth by Marc R. Lewis, was done based on legal concerns.
The bankruptcy case of Voyager Digital has been ongoing since early 2021. The cryptocurrency trading app company was accused of not delivering on its promises by some of its clients. The company had initially claimed to provide high yields on stablecoin investments to its clients, however, it did not stick to its guarantee, which led to the company’s bankruptcy.
Despite these accusations, the CEO of Voyager Digital, Steve Ehrlich, had announced in January 2021 that his company would be partnering with SBF’s FTX. Reports stated that FTX had agreed to offer liquidity to Voyager Digital in exchange for a percentage of its equity. However, this deal did not come through.
SBF’s refusal to testify in the bankruptcy case of Voyager Digital may be attributed to the ongoing allegations and legal proceedings regarding the aforementioned failed business dealings between FTX and Voyager. In line with this, his lawyer’s request to refuse the summons issued by the lawyer of an unsecured creditor is being interpreted as a means of avoiding any potential legal repercussions.
Furthermore, the refusal to testify might also indicate that SBF is prioritizing caution when it comes to his involvement in such legal proceedings. With the cryptocurrency and blockchain industries still in flux and ongoing regulation, potential legal implications can be expected. It is possible that SBF is taking this into consideration as he navigates legal matters related to cryptocurrency and blockchain.
In conclusion, while speculation may arise due to SBF’s refusal to testify, it is important to note that legal concerns may also play a vital role in such decisions. This event serves as a reminder of the ongoing legal battles and regulatory framework discussions surrounding the cryptocurrency and blockchain industries.
In summary, SBF’s refusal to testify in the bankruptcy case of Voyager Digital is based on legal concerns. The ongoing accusations and failed business dealings between Voyager Digital and FTX may have also contributed to this decision. Keywords that can be attributed to this event include bankruptcy, Voyager Digital, Sam Bankman-Fried, and legal concerns.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2337/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Market Volatility Remains High
According to reports, market data showed that ssv. network (SSV) rose to $43 and is now quoted at $42.88, up 15.72% in 24 hours. The market fluctuates greatly….
-
Scamfari OSINT Platform: A New Weapon Against Crypto Wallet Fraud
According to reports, the Ukrainian HAPI Decentralized Security Protocol team has released a beta version of the Scamfari OSINT platform to collect information on cryptocurrency wa
-
Active Supply Volume of BTC Hits Record High
According to reports, according to data from Glssnode, the supply volume of BTC that has been active for over 10 years has just reached a record high of 2658567.739 BTC. BTC’s last active supply for more than 10 years has reached a record high Analysis based on this information:The latest reports reveal that the active supply volume of Bitcoin (BTC) that has been active for over 10 years has attained a record high. Data gathered from Glassnode, a leading cryptocurrency analytics platform, revealed that the supply volume of BTC that has been active for over 10 years has reached an all-time high of 2658567.739 BTC. This statistic indicates a significant trend in the cryptocurrency market. The active supply volume of BTC is an essential metric that marks the quantity of BTC held in wallets that have not been moved for over a decade. This metric reflects the number of BTC that was obtained early in the cryptocurrency market’s early stages….
-
Lido Developer MixBytes Announces Termination of DeFi Pledge Services on Polkadot and Kusama
According to a blog post by Lido developer MixBytes, the DeFi pledge service Lido will stop its pledge plans on Polkadot and Kusama on August 1st. Polkadot and Kusama no longer acc
-
RippleX Developers Propose New Standard for Cross-Chain Bridge
It is reported that Ripple is compatible with EVM side chain XRP Ledger (XRPL) and Ripple development laboratory RippleX developers have proposed a new XRPL st…
-
What is the Bitbit Empire
What is the BitEmpire and what is the BitEmpire? What is the Bitter Empire? How does Bitcoin enter the blockchain? Why should we create a “mining machine” and how to use mining to make profits Cryptocurrency and smart contract technology have developed rapidly in the past decade and become a new industry. It provides a platform that allows participants to invest using their native digital assets. This new financial system provides investors with more choices and also creates more advanced trading mechanisms. This new system enables people to manage their digital economy activities more flexibly, thereby generating greater opportunities BitbitAccording to official information, Bitbit (Coin Core Cloud) is one of the world’s leading digital asset international stations. Currently supporting BTC/USDT, ETH/USDT trading pairs; BCHABC/BTC transaction pair; EOS/USDT, XRP/USDT and other mainstream Cryptocurrency transaction pairs BitMEX is a San Francisco based company dedicated to providing a secure, transparent, and trustworthy choice for the traditional financial world. Users on the BitMex platform…
-
Understanding the Arbitrum Token Airdrop: How It Works and Why It Matters
According to reports, according to Nansen data, more than 950 million Arbitrum tokens ARBs have been claimed, accounting for 82.37% of the air drop supply. The number of eligible a
-
Global Unicorn Index 2023: Overview and Insights
According to reports, Hurun Research Institute released the Global Unicorn Index 2023 in Guangzhou today, listing non listed companies with a value of over $1 billion that were est
-
REPUBLIK Empowers Content Creators with Blockchain-based Monetisation
It is reported that the Web3 content creation platform REPUBLIK raised US $3.7 million in its seed round financing, raising its valuation to US $75 million. RE…
-
Avalanche C Chain Stopped Blocking: What Happened and What It Means
According to Chainbase monitoring, Avalanche C chain has stopped blocking 35 minutes ago, and the final block height is 27925928.
Avalanche C chain appears to have stopped blocking -
Ethereum Market Dip
According to the report, the market showed that Ethereum fell below $1600 and is now quoted at $1565.01, down 4.37% in 24 hours.
Ethereum fell below $1…
-
Billionaire Bill Ackman talks about the US banking crisis: “I’m worried that the US economy will be derailed.”
According to reports, billionaires \”Think about the impact of recent events on the long-term equity capital costs of non systemically important banks. Among these banks, as a share
-
Why is Gemini Exchange Recharge Offline (Gemini Trading Platform Scam)
Recently, in the \”Global Blockchain Computing Power Conference and New Infrastru
-
The Graph to Enhance Decentralized Network with Fantom’s Support
On March 8, it was reported that The Graph was adding support for Fantom network, and Fantom was about to join the decentralized network through the MIPs plan….
-
OpenAI to Launch Enterprise Version of ChatGPT Subscription Service
According to reports, OpenAI has stated that it is researching the launch of a new enterprise version of ChatGPT subscription service, mainly targeting professionals who want more
-
Coinbase’s Trading Volume Nosedives by 99.2%
On March 12, according to the data released by Crypto KOL and chain analyst Mr. Whale, the trading volume of Coinbase on the Cryptocurrency Exchange has plunged by 99.2% in the past 24 hours, which is the first time in history. The reason may be that the US dollar stable currency (USDC) (partially owned by Coinbase) triggered the anchoring in the bankruptcy of Silicon Valley banks. Coinbase’s trading volume fell 99.2% in the past 24 hours Analysis based on this information:The world of cryptocurrency is known for its unpredictability, and Coinbase, one of the world’s largest cryptocurrency exchanges, is no exception. On March 12, a piece of news from Crypto KOL and chain analyst Mr. Whale shook the cryptocurrency world. According to the data released by Mr. Whale, Coinbase’s trading volume on the cryptocurrency exchange had plummeted by a staggering 99.2% in the past 24 hours. This is the first time such a significant drop has been witnessed in Coinbase’s…