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Last week, Bank of America’s lawyers also raised issues with the case by questioning the authenticity of the bank drafts that Davis sought to deposit.

The complaint includes images of two apparent copies of the bank drafts.

But it's understood that donations from the Sheikh were also made by bank draft and there could be a challenge over details of the amounts and how payments were handed over.

The company says it also has millions in bank drafts it has been unable to deposit because banks have been unwilling to accept them.

The court papers state that the company has substantial assets in various cryptocurrencies and that unreleased bank drafts in the company’s name total about $30 million, with $375,000 in cash held by others.