SBF’s Mom, Caroline Ellison Aren’t Cooperating in Bankruptcy Probe: Lawyers


  • SBF, his mother, his brother and key executives from his crypto empire are not cooperating in the FTX bankruptcy case, according to a recent court document.
  • FTX’s lawyers said several key experts either did not respond or refused to provide requested information related to the crashed exchange.
  • But talks with Bankman-Fried’s father and another FTX executive have progressed, according to the document.

Sam Bankman-Fried’s mother, brother and former executives from his empire have not been cooperating with the investigation into FTX’s finances, according to the team of lawyers for the failed cryptocurrency exchange.

Lawyers have been working around the clock to locate and recover FTX assets since the cryptocurrency exchange filed for bankruptcy in November, according to a court file on Wednesday. Now they intended to subpoena Sam Bankman-Fried, his family, and his former lieutenants.

While some of them responded to letters sent by FTX’s attorneys requesting more information, none of them voluntarily provided the requested documents or information, according to the document.

In particular, the former CEO of Alameda carolina ellison and co-founder of FTX gary wang they have refused to give FTX’s lawyers the requested information.

While they are not cooperating in the FTX bankruptcy case, both Ellison and Wang agreed to cooperate with prosecutors in their criminal case against Bankman-Fried after they pleaded guilty to fraud. Bankman-Fried has pleaded not guilty to the fraud charges.

Former FTX Director of Engineering, nishad singh, He has not responded to requests for information from bankruptcy attorneys, though the 27-year-old crypto executive was reportedly one of the few people who knew FTX was misusing client funds.

FTX’s attorneys also said they were unable to obtain “meaningful commitment or any response” from brother Gabriel Bankman-Fried, while mother Barbara Fried “ignored requests completely.”

However, talks with Bankman-Fried’s father, Joseph Bankman, and former FTX COO Zhe Wang have progressed, according to the document.

“Certain insiders are currently cooperating with the Debtors to provide important information. But others are not, and therefore the authorization to issue subpoenas to those with the missing information is critical to the Debtors’ and the Committee’s recovery efforts.” the lawyers said, adding that there were still “key questions” about FTX’s finances and transactions that needed to be answered.

So far, the liquidators have recovered $5 billion in liquid assetsbut locating the the rest of the money could take monthswarned Ray, considering the exchange had virtually no records.