FTX bankruptcy financial advisors are dispatching customer transaction information to the FBI

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By BitcoinWiki News

Key Takeaways:

– Financial advisors for FTX, a bankrupt crypto exchange, have been providing customer transaction data to the FBI.
– Alvarez & Marsal North America, the advisors, received subpoena-related requests from multiple FBI offices.
– The requests involved analyzing data, transactions, and extracting specific information related to customer accounts.
– FBI offices in Philadelphia, Oakland, Minneapolis, and Portland made the requests.
– Coinbase, another crypto exchange, has also received information requests from law enforcement globally.
– Coinbase aims to narrow broad requests, object to legally insufficient requests, and provide anonymized or aggregated data to aid law enforcement.
– FTX, once a major crypto exchange, filed for bankruptcy a year ago, and its former CEO was recently convicted on fraud charges.
– FTX is currently undergoing bankruptcy proceedings and considering proposals, including launching a new exchange.


Financial advisors for bankrupt crypto exchange FTX have been providing customer transaction data to the US Federal Bureau of Investigation (FBI), according to court filings. Alvarez & Marsal North America, acting as financial advisors to FTX, disclosed that they received subpoena-related requests from multiple FBI offices across the country. The requests involved tasks such as analyzing data, transactions, and extracting specific information. Other FBI offices in Oakland, Minneapolis, and Portland also filed similar requests. Coinbase, another crypto exchange, reported a 66% increase in information requests from law enforcement worldwide. FTX’s former CEO, Sam Bankman-Fried, was recently convicted on charges of wire fraud and conspiracy crimes. FTX is currently undergoing bankruptcy proceedings and is considering multiple proposals, including launching an exchange.

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