The next Bankruptcy of FTX Hearing is scheduled to have Sam Bankman-attorneys Fried’s entering the chat as well as deadline extensions and auctioning distressed assets.

The court proceeding will be broadcast live on YouTube on Wednesday, January 11 at 9 a.m. EST in the District of Delaware Bankruptcy Court.

Early in November, FTX came under fire after accusations of commingled money, embezzlement, and fraud stemmed from its closer-than-previously-disclosed ties with its trading desk, Alameda Research. By November 11, the business had declared bankruptcy, and Bankman-Fried, the discredited founder, had resigned as CEO.

In a second case being heard in the Southern District of New York, he now faces criminal accusations from the U.S. Department of Justice, including conspiracy to conduct wire fraud and money laundering.

The trial is slated to start in October 2023; he has pled not guilty to all charges, in the Bankruptcy of Ftx Hearing.

Bankman-Fried consistently said in interviews and on Twitter that he intended to assist the restructuring team in making things right up until he was detained in the Bahamas. That contradicts the statements made by recently appointed FTX CEO John Ray, who is in charge of the company’s Chapter 11 procedures.

In addition to firing Bankman-inner Fried’s circle, which included FTX co-founder Gary Wang, former Alameda Research CEO Caroline Ellison, and former FTX Chief Engineering Officer Nishad Singh, Ray specifically denied Bankman-Fried access to financial records and instructed banks not to grant him access to the company’s accounts.

At current time, all three of the former executives are helping the justice department in its prosecution of Bankman-Fried in a criminal matter.

Lightspeed Strategic Partners has also submitted paperwork to get its legal team involved in the bankruptcy action involving FTX. At a $18 billion valuation, Lightspeed took part in FTX’s $1 billion Series B investment round in July 2021.

After that, FTX announced at the beginning of 2022 that Amy Wu, who had assisted in managing the VC firm’s investment in the cryptocurrency exchange, would be joining to head “ventures, gaming, M&A, and commercial efforts.”

Later, on November 11, the same day that FTX declared bankruptcy, Wu resigned.

The parent company of FTX’s U.S.-based enterprises, West Realm Shires, signed a lease for an office at 655 15th Street N.W. in Washington, D.C., which FTX has also been discussing the termination of. The White House and Treasury Department are directly across the street from the office, which turns out to be located in the same building as a WeWork coworking space.

According to court records submitted on Monday, the business first agreed to a 6-year lease and paid a $32,000 security deposit for the “nonresidential real property” on August 3, 2022.

According to the FTX legal team’s proposed conditions, the lease would be “mutually terminated” as of December 21. The security deposit would be retained by the landlord, Metropolitan Square Associates, in exchange for the firm waiving all further claims.

Kevin Cofsky, the company’s recently hired investment banker, was also given notice by FTX’s legal team that he would show up in person to testify regarding the “potential value of the debtors’ customer list” as well as “the marketing, sale process, [and] proposed big procedures” for the more than 130 entities listed in the Chapter 11 filing.

The bankrupt cryptocurrency exchange also announced that Edward Mosley, FTX’s new financial adviser, will appear in person in court to offer testimony on the business’ capacity to submit an accurate account of assets and liabilities by the court’s deadline.