The FTX_Official collapse needs to have an independent examiner, the US government has said, and it's now appealing a judicial decision to skip appointing one. jackschickler reports
appealed a judicial decision not to appoint an independent examiner to look into the collapse of bankrupt crypto exchange FTX.
The U.S. Trustee, a branch of the Department of Justice , had previously argued that bankruptcy law requires an independent probe for any case of such magnitude, despite warnings that it could cost as much as . In its arguments, the Trustee said an independent examiner could look into whether those responsible for mismanagement at FTX are still part of the company.On Feb. 15, however, the Delaware-based U.S. bankruptcy court's Judge John Dorsey – who is overseeing the winding down of FTX – agreed with the company’s new management that an independent examination would representissued a 500-page report in January, four months after being appointed by a New York court.
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