New FTX Chief Slams “Complete Failure Of Corporate Controls” At Crypto Exchange

New FTX Chief Slams “Complete Failure Of Corporate Controls” At Crypto Exchange

Sam Bankman-Fried’s bankrupt FTX trading empire misused client funds and lacked reliable financials or proper internal controls, says new boss of collapsed $32 billion crypto exchange . John Ray III, a veteran insolvency practitioner who oversaw the liquidation of Enron, said in a U.S. court filing on Thursday that FTX was the worst case of …

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