Court Imposes Limits on FTX Bankruptcy Probe
The expanded investigation into the FTX bankruptcy, as directed by an appellate court, has been ordered to adhere to specified budgetary and temporal constraints. This ruling was issued by U.S. Federal Judge John Dorsey, aligning with the stance of the exchange’s attorneys and creditors.
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The expanded investigation into the FTX bankruptcy, as directed by an appellate court, has been ordered to adhere to specified budgetary and temporal constraints. This ruling was issued by U.S. Federal Judge John Dorsey, aligning with the stance of the exchange's attorneys and creditors.
In contrast, the Office of the US Trustee had advocated for an investigation without financial or time restrictions until the appointment of a special examiner. Judge Dorsey, however, identified concerns regarding potential overspending and delays in the broader legal proceedings, leading to this constraint.
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