DOJ Watchdog Calls for Independent FTX Probe in Bankruptcy

A U.S. Justice Department bankruptcy watchdog called for an independent investigation into FTX’s collapse, comparing the cryptocurrency platform’s sudden failure to the fall of Lehman Brothers.

U.S. Trustee Andrew Vara, an official at the Justice Department unit monitoring bankruptcy courts, asked the judge overseeing FTX’s chapter 11 case to appoint an independent examiner to provide a transparent account of FTX’s failure because of the wider implications the exchange’s collapse has on the crypto industry.

It’s Madoff 2.0, not Lehman

They should also investigate WSJ's boosting of this buffoon throughout 2020 and 2021...helping stream innocent capital to his 'I'm a genius, and the WSJ confirms .... so, send me your money' scheme.

yes, investigate, ofc people want their monies back words + fraud = still fraud?

How is this not criminal and why is this person interviewing like a naive celebrity.

Finally? I am mot sure there is sufficient judicial independence anymore. Given the charm offensive from mainline financial media this far. But then again how much money did FTX given the NYT?

This call for an independent investigation highlights the rampant corruption at the DOJ. Any investigation that has political overtones must be investigated outside of DOJ control. Whether the DOJ would pursue a criminal or civil suit is problematic.

An insult to Lehman Brothers. Madoff is a better comparison.

Trumps going down for this, it’s unacceptable

Oh off shore Ponzi scheme is now Lehman bros. Not

Crypto is nothing more than a Ponzi scheme!

Won’t happen. He is operating like nothing happened. And limited media coverage. Good thing he wrote checks to the right people.

Why independent

I don’t know if the US realises how important it is to investigate this from a reputational perspective. Politics has no room for the reliability and integrity of US institutions. This is most important for us and foreign investments in the US, doesn’t matter if security or not

No shit?

Demand all the politicians return the millions given to them

Now we will see if all those millions to Democrats will get him off the hook.

😈

He's your boy you keep shilling for ffs... you were good, were....🙄

There isn't a recession, and this wasn't a ponzi scheme. 🙄

Obvious, surely ? Or is the DoJ considering allowing FTX to investigate itself ?

More theater

How is he not jailed yet ?

Enron comes to mind…

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