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…
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