FTX asset sales challenged by U.S. Trustee: Report

US Trustee objects to FTX's plans to sell units in Europe and Japan

FTX was a crypto exchange with a plan to sell         But the sale was confusing, as you can tell         The US Trustee intervened         Calling for an investigation to be convened         Now the future of FTX is uncertain as well   A bankruptcy battle is brewing in the world of cryptocurrency as the US Trustee steps in to challenge FTX's plans to sell off units in Europe and Japan as well as its digital currency futures clearinghouse LedgerX and stock clearing platform Embed. The US Trustee Andrew Vara has demanded an independent investigation before any sale, claiming that valuable information related to the exchange's bankruptcy could be compromised.  FTX's management had hoped to sell these businesses to recover funds for customers and had planned auctions to begin in February, but Vara's intervention could throw a wrench in those plans. Meanwhile, FTX's former CEO and founder, Sam Bankman-Fried, has pleaded not guilty to criminal charges related to the exchange's collapse, including wire fraud, securities fraud and campaign finance violations. Read the full story here on Cointelegraph. Stay in the loop about what's happening with FTX. Leverage the same AI technology that Cointelegraph's journalists use to surface the latest news with the NewsQuakes™ indicator that's only available on Markets Pro — learn more. Russell DeCorte Director Markets Pro © 2022 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.