The subpoena called for information regarding the trading app's crypto business, as regulators crack down on the industry following the collapse of FTX.
Former FTX executive Nishad Singh will plead guilty over his role in the alleged fraud that caused the collapse of the crypto exchange, according to a report by Bloomberg.
FTX wants Bankman-Fried and associates to appear in court and reveal their questionable spending. FTX got its approval from the court regarding its motion for subpoena, one that asks Sam Bankman-Fried, the Bankman-Fried family, and known associates to show up to his hearing.