The US government attorney requested the bankruptcy court to appoint an investigator for FTX.
FTX, which surprisingly quickly filed for bankruptcy, is dealing with the courts after filing for bankruptcy. Creditors and governments are after FTX. The Bahamas-based trading arm, FTX Digital Markets, has also filed for bankruptcy. The Bahamian government has stated that it does not plan to cooperate with requests to fully advance this process with a view to unifying all transactions. The USA, on the other hand, is taking steps to resolve the bankruptcy case in a short time.
US Attorney Requests Appointment of Inspector for FTX
The US government attorney has asked the Delaware bankruptcy court to appoint an investigator in the ongoing FTX bankruptcy case.
In the court filing dated December 1, US attorney cited comments from FTX CEO John Ray III as the reason for appointing an independent investigator; showed an “almost unprecedented drop in value.”
If approved, the investigator will act as a court-appointed third-party investigator. It’s common for the government to make such a request in a complex bankruptcy such as Chapter 11 bankruptcy, where most of the companies affiliated with FTX are currently involved.
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