A U.S. bankruptcy judge is considering the approval of an independent investigation into the FTX collapse, a high-profile bankruptcy case from last year.
FTX initially portrayed itself as a trustworthy platform but later collapsed due to allegations of mismanagement and fraud.
The company has opposed the idea of an independent examiner, claiming it will only result in more cost and delay to the process of refunding victims of the collapse.
FTX’s creditors’ committee has also opposed the investigation. However, state securities regulators in Texas, Vermont, and Wisconsin support the proposal, saying an impartial report would be beneficial to both creditors and customers.
FTX has requested refunds from former donors and political figures, causing frustration among those it once gave money to.
