Federal appeals court has ordered the appointment of an independent examiner in the FTX bankruptcy case

The Federal Appeals Court has ordered the appointment of an independent examiner in the FTX bankruptcy case to address concerns of fraud on the FTX platform. A panel of judges in Philadelphia last Friday supported the appeal of the US bankruptcy trustee, requiring an independent review of FTX's finances and business operations, including an investigation into unprecedented fraud that occurred prior to its bankruptcy, to ensure fairness.