FTX's objection to BinanceUS buying Voyager is 'hypocrisy and chutzpah,' the bankrupt crypto lender said in a legal filing. SECGov and TheJusticeDept have also criticized the deal. jackschickler reports.
An attempt by Alameda to oppose the deal on the grounds that it breaches the hierarchies of creditors set out in U.S. bankruptcy law meets a still frostier reception. Alameda's objections"evince hypocrisy and chutzpah at its finest” and are “frivolous,” the Voyager filing said. FTX and Alameda had previously attempted to bail out Voyager, before declaring bankruptcy on Nov. 11.
FTX’s new Chief Executive Officer John Ray has criticized perceived mismanagement and poor record-keeping by his predecessor Sam Bankman-Fried. Bankman-Fried has pleaded not guilty to charges including wire fraud and money laundering.
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