If U.S. District Judge John T. Dorsey sides with the U.S. Trustee on its motion to hire an independent examiner, it could increase the total cost of the crypto platform's Chapter 11 case in the District of Delaware by tens or hundreds of millions of dollars.
February 06, 2023 at 05:15 PM
4 minute read
The original version of this story was published on Delaware Business Court Insider
A bankruptcy court needs to bring in an investigator who isn’t already working with FTX’s new leadership, U.S. Trustee’s Office staff attorney Juliet Sarkessian argued at a hearing Monday.
If U.S. District Judge John T. Dorsey sides with the U.S. Trustee on its motion to hire an independent examiner, it could increase the total cost of the crypto platform’s Chapter 11 case in the District of Delaware by tens or hundreds of millions of dollars.
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FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. Photo: Marta Lavandier/AP
