U.S. Judge Defers Decision on Examiner in FTX Bankruptcy until Wednesday's Hearing

According to The Block, at a hearing on Monday, a Delaware federal bankruptcy court judge did not rule on whether to appoint an examiner in FTX's huge bankruptcy case, but allowed lawyers to discuss "consensus resolution" on the issue. plan". Previously, the U.S. trustee responsible for federal oversight of bankruptcy has asked the court to appoint an independent examiner to investigate the finances of bankrupt cryptocurrency exchange FTX. Lawyers for FTX debtors opposed the appointment of an examiner at a court hearing on Monday, saying it would be too expensive and could raise cybersecurity concerns. Attorneys for the U.S. trustee, FTX debtors, committee of creditors and liquidators are expected to update the judge on the progress of their negotiations at the next FTX hearing in Delaware bankruptcy court on Wednesday.