Board of Trustees Appeals FTX Judge’s Decision

Board of Trustees, bankrupt cryptocurrency exchange is appealing the process by appealing the judge’s decision in the ongoing lawsuit of FTX.

The U.S. Board of Trustees, which is affiliated with the Department of Justice, filed an appeal to the Supreme Court after the refusal to appoint an independent auditor in the final hearing in the case of the sunken stock market.

FTX The other party, on the other hand, claimed that the total cost of the independent audit would reach 100 million dollars and demanded that such a decision not be taken. The judge affirmed the defendant’s request.

The Board of Trustees thinks that a case of this size can only be handled by independent audit firms.

John Dorsey, the judge of the ongoing bankruptcy case in the Delware region of the USA, rejected the request, stating that the request for an independent audit firm would be excessively costly in a session held on February 15.

Celsius Auditor Prepares Report!

An independent auditor is involved in another crypto-related bankruptcy case that is actively ongoing in the United States. Celsius The inspector assigned to the bankruptcy case prepared a 500-page report in January 2023, exactly 4 months after he took office.