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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy LawyersIt appears as if bankrupt crypto exchange FTX_Official has a “massive shortfall” in assets. FTX's team has identified $7 billion in customer payables in cash and stablecoins, offset by $580 million in identified assets as of its petition date.
Read more »
Protest held after medical examiner rules inmate's death a homicideThe county Medical Examiner’s Office determined that while Lonnie Rupard was given meals, water and offered medication, his death was preceded by “ineffective delivery” of care in jail.
Read more »
Chicago shooting: Man fatally shot inside vehicle in Englewood ID'd by medical examinerAn Englewood, Chicago shooting left a man shot and killed in the 1000 block of West 59th Street, the police department said. He has been identified.
Read more »
A bull market is in full swing – and most of us are in denialSucker’s rally! Four months since the stock market began its recovery from last year’s carnage, skeptics are still piling on.
Read more »
Was a Fort Bend man's death murder or suicide? Police, medical examiner at odds in new court filingFacing lawsuit for delay in releasing cause of death, Fort Bend medical examiner makes...
Read more »
FBI Says 4 US Citizens Missing After Being Assaulted, Kidnapped in MexicoFBI Says 4 US Citizens Missing After Being Assaulted, Kidnapped in Mexico | Compare reporting by Reuters dcexaminer washingtonpost
Read more »