US DOJ Arm Calls for Independent Probe on FTX Bankruptcy

The US Department of Justice (DOJ) is intensifying scrutiny of the FTX bankruptcy, with calls for an independent investigation. The U.S. Trustee, an arm of the U.S. Department of Justice, looking after bankruptcy court, filed a motion requesting an independent probe into the implosion of FTX. This move signals a serious commitment to uncovering the full extent of what led to the exchange's downfall and its impact on customers.

The US Department of Justice's bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange FTX, saying customers deserve a thorough and impartial accounting of the events leading to the bankruptcy. The US Justice Department’s bankruptcy watchdog is calling for an independent probe into the collapse of FTX Group, saying a neutral party should investigate.

US authorities are pushing for an independent examiner to look into fraud allegations against FTX, according to a court filing submitted by the Justice Department on Thursday. The U.S. Department of Justice is calling for an independent investigation into the collapse of cryptocurrency exchange FTX, and has asked a bankruptcy judge for the green light to proceed. Separately, the US Justice Department’s bankruptcy watchdog is calling for an independent probe into the collapse of FTX Group, saying a neutral party should investigate to protect stakeholders.

This independent probe sought by the US DOJ arm underscores the gravity of the situation and the need for complete transparency in the FTX bankruptcy proceedings. The goal is to provide a clear understanding of what happened and to hold those responsible accountable.