The Bahamian attorneys requested access to FTX’s customer database in an emergency motion filed with a Delaware bankruptcy judge to aid their ongoing investigations.
Authorities around the world are racing against the clock to bring justice to the millions of people affected by FTX CEO Sam Bankman-financial Fried’s frauds. As part of the ongoing investigations, attorneys for the Bahamas Securities Commission seek access to FTX’s database containing international customer information.
The Bahamian attorneys requested access to FTX’s customer database in an emergency motion filed with a Delaware bankruptcy judge to aid their ongoing investigations. The motion emphasized previous failed attempts to access the database of the now-defunct crypto exchange. As a result, the lawyers claimed that FTX employees and counsel obstructed authorities’ access to critical financial information.
According to reports, the database in question is stored on Amazon Web Services (AWS) and Google Cloud Portal databases, and it contains personal information such as wallet addresses, customer balances, deposit and withdrawal records, trades, and accounting data. The bankruptcy proceedings in the United States will “suffer no harm or hardship if this relief is granted,” according to the lawyers.
While Amazon Web Services was used to store customer data, FTX used Google services as an analytics platform for data from users outside of the United States. “While the Joint Provisional Liquidators are happy to engage in dialogue with the U.S. Debtors, their refusal to promptly restore access has frustrated the Joint Provisional Liquidators’ ability to carry out their duties under Bahamian law and placed FTX Digital’s assets at risk of dissipation,” according to the filing obtained by CNBC.
The Block, a media outlet that failed to disclose funding from Alameda Research, became the latest victim of FTX fraud. Mike McCaffrey, CEO of The Block, resigned after failing to disclose $27 million in loans from FTX’s sister company Alameda Research.
On December 7, FTX’s new management team reportedly hired a team of financial forensic investigators to track down missing customer funds totaling more than $450 million in cryptocurrency.
As previously reported by Cointelegraph, the forensics firm will conduct “asset-tracing” to identify and recover the missing digital assets, complementing FTX’s restructuring efforts.