FTX's new chief executive told a bankruptcy court there is 'a danger' to authorizing an independent investigation of the crypto exchange's collapse.
February 6, 2023, 1:26 PMMarco Bello/Reuters, FILE
"Neither in Enron nor in Residential Capital did I make use of that report," Ray testified during a hearing before U.S. Bankruptcy Judge John Dorsey in Delaware. "They're almost a curated gathering of statements that failed to take real opinions as to what occurred."The Enron investigation cost $90 million and the Residential Capital investigation cost $100 million, Ray said, adding that neither was helpful.
Dorsey later said he'd take under advisement a request to appoint an examiner to investigate the collapse of FTX while the parties try to resolve their differences.Marco Bello/Reuters, FILERay testified that FTX has furnished 70,000 documents to federal prosecutors, who have asked 156 times for information.