Bankrupt crypto exchange FTX opposes the court-supervised investigation, calling it redundant and wasteful
A U.S. bankruptcy judge is considering at a Monday court hearing in Delaware whether to green light a court-supervised investigation into the collapse of FTX, a course of action that the crypto exchange opposes as redundant and wasteful.
FTX attorney James Bromley told Dorsey that an investigation is not appropriate, and allowing new investigators to access its systems could jeopardize the cybersecurity of FTX’s ongoing investigation. Ray, who worked with court-appointed examiners while leading Enron Corp and Residential Capital through bankruptcy, told the court that examiners in those two cases cost $90-million and $100-million, respectively, but were not useful.
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