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FTX Lawyers Accuse Bankman-Fried of Undermining Bankruptcy (3)

Nov. 17, 2022, 8:06 PM

Embattled cryptocurrency mogul Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting” that appears aimed at moving assets away from the control of a US court in favor of one in the Bahamas, US lawyers for the bankrupt crypto platform FTX said in a court filing.

FTX, which is now under the control of John J. Ray III -- a restructuring lawyer who oversaw the liquidation of Enron -- asked a federal judge in Wilmington, Delaware, to transfer a competing bankruptcy case filed in New York by Bahamian liquidators to Delaware.

Such a move ...