New FTX chief executive John Ray has hit out at the way the failed crypto exchange was run.Mr Ray said he had never "seen such a complete failure of corporate controls".
In documents filed for the first day of bankruptcy proceedings at the Bankruptcy Court for the District of Delaware, Mr Ray also criticised what he said were "erratic and misleading" public statements by his predecessor. Instead, he said, there was an "absence of an accurate list of bank accounts and account signatories".
Mr Ray's declaration to the court also says: "In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors."
Amusingly reported here in Sunny EU Berlin today (on quality public media) that ever-greedy Fatty Johnson has already cashed in well over €300 Grand in just two months by gabbing. Just imagine if he only got paid for relevant substance and not mere toady association - Cripes!
🤣🤣🤣🤣 crypto is a joke. Much like the people who swear by it. It's primary use is money laundering and moving ill gotten gains around. Other than that it's a ponzi scheme for the average joe
God's blessings on you Amen
LOL. So the new scammer will find a more successful way to con people now? 😂
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New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Se perdió el dinero de un millon de ahorradores/inversores.. A quien le importan Vamos a otra guerra? SBF is an international hero as his campaign contributions literally saved Democracy itself. Unfortunately some people lost out in the process, but the messaging on this has just been disparaging him when he was doing a selfless & altruistic deed.
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