Independent FTX Examiner May Cost Crypto Exchange $100M, Court Told

A bankruptcy court judge declined to rule definitively on whether to appoint an independent examiner to the FTX bankruptcy case. The U.S. government argued that the statute called for the judge to demand such an examination, while FTX said a probe would represent a costly duplication. Baric & Associates Partner Steve Baric weighs in on the latest legal proceedings and the potential biggest hurdles for FTX’s new chief executive, John J Ray III.