Judge denies FTX an independent examiner citing time and expense

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Judge denies FTX an independent examiner citing time and expense
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A judge denied a previously filed motion by the U.S. trustee, requesting an appointment of a neutral, independent examiner to look into FTX and what led to the crypto exchange's collapse.

: The judge is rejecting the request from a federal watchdog, the trustee's office, one supported by: An independent examiner would act like a private investigator of sorts, examining financial statements and interviewing those involved in the situation.

For example, Celsius Network's bankruptcy judge agreed to grant an independent examiner provided they stay within the scope of an investigation agreed to by Celsius as well as other creditors; that report published just last month showed how insiders inflated the value of its native token.

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