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Appeals court reverses judge's ruling, orders appointment of independent examiner in FTX bankruptcy

  • A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX to investigate allegations of fraud and the collapse of the cryptocurrency exchange.
  • U.S. Bankruptcy Judge John Dorsey initially denied the request for an examiner, citing cost concerns and ongoing investigations by FTX's new leadership and federal agencies.
  • The appeals court reversed the ruling, stating that an independent examination is necessary to shed light on FTX's collapse and protect investor interests.
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castanet.net broke the news in Kelowna, Canada on Monday, January 22, 2024.
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