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Third Circuit Court of Appeals Orders Independent Investigation for FTX

The recent ruling by the Third Circuit Court of Appeals regarding FTX's need for an independent investigation marks a significant development in the ongoing legal proceedings. The decision to overturn the previous ruling by a Delaware bankruptcy judge highlights the importance of transparency and impartiality in such cases. Let's delve into the key points surrounding this ruling: Key Points: The Third Circuit Court of Appeals has mandated that FTX undergo an independent investigation to uncover industry practices. The court deemed the investigation led by FTX's current CEO as insufficient, underscoring the necessity for an unbiased probe. The Bankruptcy Code requires the appointment of an examiner for cases where the debtor's debts exceed $5 million, a criterion that FTX meets. This ruling underscores the critical role of independent oversight in ensuring fairness and accountability in bankruptcy proceedings. By requiring FTX to undergo an independent investigati

Nintendo to Shut Down Online Services for 3DS and Wii U in Major Support Sunsetting Move

Nintendo has made the decision to discontinue broad online functionality for its previous handheld, the 3DS, and its console, the Wii U. The company recently announced this news in a post on the Nintendo Support website, providing further details in a Q&A section. Beginning in early April 2024, multiplayer options, online rankings, and other features that require internet usage will be shuttered. However, users will still be able to play games that do not require an internet connection. It is important to note that certain features will be exempted from the shutdown, such as the Pokémon Bank feature in games like Pokémon Ultra Sun, Ultra Moon, Sun, and Moon, as well as the Pokémon Transporter, which supports titles like Pokémon Gold and Silver. Nintendo's StreetPass feature, which allows 3DS players to message and play with nearby users, will also remain available as it uses local communication and does not require online services. However, the wireless hotspot and LAN feature called SpotPass will no longer function after the shutdown. This move by Nintendo can be seen as a significant step towards sunsetting support for the 3DS and Wii U consoles, both of which were released over a decade ago. The 3DS was first introduced in 2011, with an XL version launched in 2017, while the Wii U was released back in 2012.

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