DOJ Watchdog Urges Probe Into FTX Collapse Amid 'Serious Allegations of Fraud, Dishonesty, Incompetence'A Department of Justice (DOJ) watchdog is seeking an independent examination into the collapse of cryptoexchange FTX, according to a recent court filing.
The Justice Department is already investigating the exchange. The DOJ's U.S. Trustee for Regions Three and Nine now wants an independent examiner to be appointed by a bankruptcy court to look into any wrongdoings that may have led to the collapse.
"An examiner could—and should—investigate the substantial and serious allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement by the Debtors, the circumstances surrounding the Debtors' collapse, the apparent conversion of exchange customers' property, and whether colorable claims and causes of action exist to remedy losses," the filing stated....
Source: DOJ Watchdog Urges Probe Into FTX Collapse Amid 'Serious Allegations of Fraud, Dishonesty, Incompetence' (https://www.theepochtimes.com/doj-watchdog-urges-probe-into-ftx-collapse-amid-serious-allegations-of-fraud-dishonesty-incompetence_4902098.html)