DOJ Watchdog Urges Probe Into FTX Collapse Amid ‘Serious Allegations of Fraud, Dishonesty, Incompetence’

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE, Children With Special Needs, in New York City on June 23, 2022. Craig Barritt/Getty Images for CARE For Special Children

A Department of Justice (DOJ) watchdog is seeking an independent examination into the collapse of cryptoexchange FTX, according to a recent court filing.

The Justice Department is already investigating the exchange. The DOJ’s U.S. Trustee for Regions Three and Nine now wants an independent examiner to be appointed by a bankruptcy court to look into any wrongdoings that may have led to the collapse.