FTX opposes new DOJ bankruptcy probe

Photo by: FTX
Photo by: FTX

(Wilmington, DE) -- FTX is objecting to a Department of Justice request for an independent investigation into the failed crypto exchange's collapse.

FTX said in a Wilmington, Delaware bankruptcy court filing on Thursday that it's already conducting a wide-ranging probe that includes relatives of disgraced FTX founder Sam Bankman-Fried.

The company said the investigation DOJ is proposing would only add expense and delay to its bankruptcy case.

FTX was among the world's top crypto exchanges before its shocking bankruptcy filing in November, leaving some nine-million customers and other investors facing losses totaling billions of dollars.