FTX Subpoenas Issued to Crypto Insiders: Who’s Next?

• FTX is now bankrupt and insiders have been issued subpoenas to produce documents within the next day.
• The requested documents include information about Binance’s takeover offer, logs of internal communications and evidence to back up certain tweets.
• Among those receiving subpoenas were Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh.

FTX Cracks Down on Company Insiders

FTX has issued subpoenas to company insiders for specific documents related to the now-bankrupt crypto exchange. Documents requested included information about Binance’s takeover offer for FTX, as well as emails from professional and personal accounts of executives.

Subpoenas Issued to Sam Bankman-Fried, Caroline Ellison and Others

The people who have received subpoenas include former FTX CEO Sam Bankman-Fried, his father Joseph Bankman, former Alameda Research CEO Caroline Ellison, and top FTX executives Gary Wang and Nishad Singh. All of them were asked to produce the requested documents by February 16th except for Bankman-Fried who was given an extra day due to the large number of documents he was asked for.

What Documents are Being Requested?

Bankman-Fried is being asked for information on companies such as FTX, Alameda Research and Emergent Fidelity Technologies. He also needs to provide copies of emails from both his professional and personal accounts, details on real estate holdings, and supporting documents for claims made in an interview with Vox in November last year. Additionally, Nishad Singh was asked to provide technical details on several aspects of the business such as the automated liquidation system.

$250m Bail

Bankman-Fried is currently out on a $250 million bail staying at his parent’s home which is located near Stanford University’s campus in Palo Alto California where both of his parents are distinguished law professors at Stanford University. In January he blamed Binance CEO Changpeng Zhao for running a “extremely effective months-long PR campaign against FTX” which supposedly led to its downfall.


All the people involved in FTX have been told to present specific documents relating to their involvement with the company or its takeover offer by February 16th or 17th depending on their circumstances. These requests come after Bankman-Fried has accused Binance CEO Changpeng Zhao publicly blaming him for causing FTX’s downfall due to a “months long PR campaign against it”