Court orders independent examiner in FTX bankruptcy after reversing judge's ruling.

A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX, amid concerns about widespread fraud leading to the exchange's collapse. The three-judge panel in Philadelphia issued the ruling in an appeal filed by the U.S. bankruptcy trustee, who serves as a government watchdog in Chapter 11 reorganizations.

January 22, 2024
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