John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022.
Eric Lee | Bloomberg | Getty Images
Attorneys within the Bahamas filed an emergency motion on Friday asking a Delaware bankruptcy judge to compel U.S. leaders of failed crypto firm FTX to offer them access to databases as a part of the proceedings.
The emergency motion claims that despite “many attempts to acquire access,” FTX employees and counsel have stymied Bahamian regulators of their effort to get critical financial information positioned in Amazon Web Services and Google Cloud Portal databases.
The lawyers, working on behalf of the Securities Commission of the Bahamas, said the U.S. bankruptcy proceedings will “suffer no harm or hardship if this relief is granted.” They’re in search of data on FTX international customers that’s stored on AWS servers, including “wallet addresses, customer balances, deposit and withdrawal records, trades, and accounting data.” Google’s technology served as an analytics platform for FTX International’s data.
“While the Joint Provisional Liquidators are glad to interact in dialogue with the U.S. Debtors, their refusal to promptly restore access has frustrated the power of the Joint Provisional Liquidators to perform their duties under Bahamian law and placed FTX Digital’s assets liable to dissipation,” the filing read.
FTX filed for bankruptcy protection last month after a liquidity crunch on the crypto exchange, which was intermingling assets with sister hedge fund Alameda Research. FTX founder Sam Bankman-Fried, who had an estimated net value of $16 billion before the collapse, will appear before U.S. lawmakers next week.
