The US Board of Trustees, the agency responsible for bankruptcies under the US Department of Justice (DOJ), has requested the appointment of an independent auditor, citing the FTX bankruptcy as an unprecedented case of depreciation.
US Board of Trustees 1st of December In a filing with Delaware bankruptcy court on an unprecedented case from the court, claiming that independent auditor requested his appointment.
In the statement of claim, “Lehman BrothersIn this case, as in other bankruptcy cases such as Washington Mutual Bank, Nwq Century Financial, etc., an independent panel of supervisors must be appointed to investigate and report on the extraordinary collapse of debtors.” it said. The statement also referred to the statements made by the CEO of FTX, Jhon J. Ray, who was appointed after the bankruptcy of the company, about the mistakes and failures made by the previous management of the company.
The delegation considers the appointment of an independent auditor for the company. it would be costly and audit activities with FTX’s internal investigation. that their paths may cross Although they are concerned, these concerns need a supervisor. that you do not remove underlined.
Chairman of the Board of Trustees Andrew R Varato believe that the company is mismanaged or engaged in fraudulent behavior an important foundation and therefore the court has a The auditor must approve the appointment suggested. Vara, considering FTX’s impact on the cryptocurrency market controlto the investigation you would prefer also stated.
Although the authorities have not filed any charges against FTX so far, the bankrupt exchange was declared by the government. being closely investigated looks like.