Summary: The move was suggested by U.S. Trustee Andrew Vara and supported by a host of regulators at the State level. FTX bankruptcy CEO John Ray III and the Official Committee of Unsecured Creditors opposed the move, instead siding with an internal probe. The proposal from Vara and regulators is backed by U.S. laws and precedent from cases like Celsius where an independent examiner was appointed to demystify the company’s collapse. The U.S. Court overseeing FTX’s bankruptcy case heard arguments
