Authorities around the world are working against the clock to bring justice for the millions of victims of the financial frauds perpetrated by FTX CEO Sam BankmanFried. As part of the ongoing investigations, attorneys representing the Securities Commission of the Bahamas seek access to FTX’s database with international customer information.
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. The motion highlighted previous failed attempts to access the defunct crypto exchange’s database. According to the lawyers, FTX employees and counsel prevented authorities accessing critical financial information.
According to reports, the database is stored on Amazon Web Services (AWS), and Google Cloud Portal databases. It includes personal information like wallet addresses, customer balances and deposit and withdrawal records. If this relief is granted, U.S. bankruptcy proceedings “will not suffer any harm or hardship,” according to the lawyers.
AWS was used for customer data, but FTX used Google services to analyze data from users residing outside the United States. CNBC obtained this filing.
“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 ability of the Joint Provisional Liquidators to carry out their duties under Bahamian law and placed FTX Digital’s assets at risk of dissipation.”
The Block media outlet, which failed to disclose funding from Alameda Research, was the latest victim of FTX fraud. Mike McCaffrey, Block CEO, resigned after failing to disclose $27M loans from FTX sister firm Alameda Research.
Related: SBF and CZ vs. SBF on Twitter, over failed FTX/Binance deals
FTX hired a team allegedly of financial forensic investigators in December 2007 to locate the missing customer funds. The total amount of the funds was $450 million.
As previously reported by Cointelegraph, the forensics firm is tasked with conducting “asset-tracing” to identify and recover the missing digital assets and will complement the restructuring work being undertaken by FTX.