The Department of Justice's U.S. Trustee in the FTX bankruptcy case has moved for the court to appoint an independent examiner.
will continue to act as the CEO, seeking to either preserve what remains of the estate or liquidate it in the interest of all stakeholders.Vara's motion seems to be especially focused on whether or not criminal conduct took place within FTX and related companies owned by Sam Bankman-Fried.
Comparing the case to that of "Lehman, Washington Mutual Bank, and New Century Financial," Vara writes that an examiner should "investigate the substantial and serious allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement.""Basis for Relief," Vara argues that the law effectively requires an examiner to be appointed in a case if the Trustee requests it and at least one condition is met.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
FTX crypto contagion continues after BlockFi bankruptcyFears of contagion in cryptocurrency markets continue to grow after BlockFi filed for bankruptcy on Monday due to the company's financial ties to failed exchange FTX.
Consulte Mais informação »
Crypto's new bankruptcy play: Distance from FTXFTX’s lengthy list of problems have blanketed the entire industry under a cloud of suspicion and sent customers fleeing.
Consulte Mais informação »
Bankruptcy court told FTX and Alameda owe BlockFi $1B... but it's complicatedFTX and Alameda owe BlockFi over $1B... but BlockFi owes FTX US $275M. The crypto lender is also suing a Sam Bankman-Fried owned holding company over Robinhood shares it claims it was promised as collateral.
Consulte Mais informação »
Texas legislature calls FTX founder to testify in Feb. 2023 hearingThe Texas State Security Board scheduled a hearing and requested FTX founder Sam Bankman-Fried to testify about violations to the state Securities Act.
Consulte Mais informação »
Bitcoin tops $17,000 for the first time in two weeks but analysts don't expect the bounce to stickInvestor confidence in cryptocurrencies has been hammered after FTX collapsed, sending shockwaves through the entire industry.
Consulte Mais informação »
Singapore's Temasek holds internal review of $275 mln FTX-related lossSingapore's Deputy Prime Minister Lawrence Wong said on Wednesday that Temasek Holdings [RIC:RIC:TEM.UL] has initiated an internal review of its investment in the now-bankrupt FTX crypto exchange, which resulted in a write-down of $275 million.
Consulte Mais informação »