FTX's Lawyers Ask Court to Question Bankman-Fried's Relatives Under Oath
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FTX's lawyers want Sam Bankman-Fried's family (parents and brother) to answer questions under oath and provide financial documents regarding their personal wealth or any money they could have gotten from FTX, Bloomberg reports.

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The lawyers have also asked a judge for permission to question FTX's former executives to find potentially hidden assets to repay the exchange's creditors.

Apparently, FTX lawyers' approach might pay off as Sam's father, Joseph Bankman, offered tax advice to the exchange's employees and helped the company to recruit its first lawyers, the court filing said. Sam's brother, Gabriel Bankman-Fried, has also been mentioned in the request as he was behind an organization that lobbied members of the US Congress.

Yet, US Bankruptcy Judge, John Dorsey, has to approve the request before the lawyers can send subpoenas to Bankman-Fried's relatives.

US Prosecutors Seize $700M Tied to FTX

The FTX founder was arrested in the Bahamas last year after US prosecutors had filed criminal charges. The US Securities and Exchange Commission (SEC) charged the disgraced crypto billionaire with defrauding investors.

The watchdog believes that at least since May 2019, FTX raised more than $1.8 billion from equity investors, without telling them that FTX was sending customers' funds to Alameda Research, Bankman-Fried's privately-held crypto hedge fund.

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