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FTX Saw ‘Complete Failure of Corporate Controls’ under Bankman-Fried

FTX Saw ‘Complete Failure of Corporate Controls’ under Bankman-Fried

John Ray III, the new Chief Executive Officer of troubled cryptocurrency exchange, FTX, has described the running of the FTX Group under Sam Bankman-Fried, Co-Founder and former CEO, as “a complete failure of corporate controls.” Ray III also described the business environment under Bankman-Fried as "unprecedented.”

The new FTX CEO, who has over 40 years of legal and restructuring experience, noted that he has been the Chief Restructuring Officer or... Read More

Posted: Nov 17 2022, 19:21
Author Name: financemagnates
Views: 092099

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