The US Justice Department’s bankruptcy watchdog is calling for an independent probe into the collapse of FTX Group, saying a neutral party should investigate the cryptocurrency empire’s downfall.
The US Trustee, part of the Justice Department that oversees bankruptcy court, has asked FTX’s bankruptcy judge to appoint an examiner in the company’s insolvency proceedings. The examiner would publish a public report on FTX’s implosion and look into allegations of wrongdoing.
“An examiner could -- and should -- investigate the substantial and serious allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement” by FTX, attorneys for the US Trustee said in court ...