The US Ministry of Justice demanded to appoint an independent expert to study the causes of FTX collapse – Bits Media

The US Department of Justice filed a petition for bankruptcy court in Delaware with a request to appoint an independent expert to study the causes of the collapse of the FTX cryptocurrency exchange.

In mid -November, the FTX management submitted an application for bankruptcy due to lack of liquidity. Since then, the exchange has been striving to bring to justice as investors, trying to return their assets, So the regulators, including the Bahamas Securities Commission (SCB). Therefore, the US Ministry of Justice considers, that attracting an independent expert will fully meet the interests of FTX creditors and other interested parties.

The Ministry of Justice approved the work of the new FTX Director General John J.. Ree (John J. Ray), the founder of the founder of the Exchange Sam Bankman-Fried (Sam Bankman-Fried). The department noted, that the new management team FTX has done a lot of work to solve some problems of the site. but, even given the competence of the new leadership, its goals may differ from the goals of other interested parties, Whereas an independent auditor will take a neutral position, and the results of his investigation will deserve more trust.

“As in the case of previous bankruptcy cases of financial companies Lehman Brothers, Washington Mutual Bank и New Century Financial, For FTX case, it is also necessary to appoint an independent agent. Questions, arising here, Too serious, so that they can be left for an internal investigation ", - indicated in the petition.

Recall, that in September the US Department of Justice created a target group to combat fraud and crime in the cryptocurrency industry.