FTX lawyers filed a motion requesting Deltec Bank to hand over assets related to former FTX executives and Alameda

2023-03-31 18:29:23
Collection

ChainCatcher news, FTX lawyers proposed an order to the U.S. Bankruptcy Court in Delaware on March 29 for Deltec International Group (DIG) bank to hand over the assets related to the promissory note associated with Alameda Research and former FTX executive Ryan Salame.

Reportedly, FTX Digital Markets contacted CEO Salame to sign a promissory note agreeing to pay the debtor Alameda Research $50 million in principal and interest. The document shows that this note was later transferred from an account under Alameda's name to DIG. Salame is listed as a director of Norton Hall and executed and delivered his signature page on the note.

Despite the $50 million promissory note between Norton Hall and DIG, Norton Hall informed the debtor that Salame is not and has never been a director of the company, nor has he authorized DIG for this note. If the motion is approved, the amount the debtor is expected to receive has not been disclosed. The hearing for the order is scheduled for April 12. (The Block)

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