FTX wants to charge the entire family of Sam Bankman-Fried an astronomical amount!

A list of FTX insiders

The new FTX management wants the old FTX management to cooperate a little more.

The stock exchange’s legal counsel requested on January 25 for subpoenas to be issued to Sam Bankman-Fried’s relatives to compel them to disclose more information and documents that could help FTX’s creditors.

The lawyers named FTX co-founder Gary Wang, FTX’s former head of engineering Nishad Singh, former Alameda Research CEO Caroline Ellison and former FTX Trading director Constance Wang as part of Bankman-Fried’s inner circle.

SBF’s immediate family members were also mentioned in the documents. According to FTX’s new management, SBF’s father, Joseph Bankman, was deeply involved in the company and served as a senior advisor to the group, particularly on tax matters. His mother and brother, Barbara Fried and Gabriel Bankman-Fried, also worked closely with the group to coordinate political donations; both created organizations that received donations from SBF and the rest of his inner circle.

FTX is now asking the seven individuals to provide information about their own assets and the history of their financial transactions. The company is also seeking clarification of any communications the inner circle members may have had with each other regarding FTX.

The Company stated in the filing that only Joseph Bankman and Constance Wang had come forward. It asserted that Gary Wang and Caroline Ellison expressly refused to provide information, that Nishad Singh and Gabriel Bankman-Fried did not engage meaningfully with the Debtors, and that Barbara Fried completely ignored all requests.