- FTX’s lawyers asked Judge for permission to question the family of SBF
- Prosecutors hope to discover more FTX-related concealed funds
- More FTX executives may be subjected to the same line of questioning
According to a news report, FTX’s attorneys asked Judge John Dorsey in the District of Delaware for permission to question under oath Joseph Bankman, Barbara Fried, and Gabriel Bankman-Fried, the father, mother, and brother of SBF, about any financial benefits they may have received from the exchange.
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However, it is unclear if interviewing family members, should Judge Dorsey accept the issuance of subpoenas, will result in the discovery of FTX-related concealed funds by investigators.
As part of an effort to locate assets related to the insolvent cryptocurrency exchange, more FTX executives may be subjected to the same line of questioning.
Joseph Bankman, a law professor at Stanford Law School, acted as a tax consultant for the exchange’s employees and provided suggestions regarding the appointment of the company’s legal team.
Together with his wife, Barbara Fried, herself a law professor at Stanford, Bankman contributed equity from their California house to guarantee SBF’s $250-million bail.
Joseph Bankman has already hired an attorney in connection with his son’s criminal case. However, testimony would be subject to FTX’s bankruptcy proceedings.
In other news, Copper. co, the industry’s leading provider of digital asset storage and trading solutions for institutions, has announced that Lord (Philip) Hammond of Runnymede, a former Chancellor of the Exchequer, will serve as Chair of the firm moving forward.
Lord Hammond lauds Copper, a company that has pioneered the application of digital asset investment technology.
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