An FTX customer on Monday sued the Golden State Warriors over the team's involvement in promoting the collapsed cryptocurrency exchange.
FTX founder Sam Bankman-Fried and Alameda Research CEO Caroline Ellison are also named in the suit. Alameda is an entity tied to FTX. Bankman-Fried resigned and was replaced by John Ray III, who previously oversaw the Enron bankruptcy. On Nov. 17, Ray submitted a filing with the U.S. Bankruptcy Court in Delaware stating that he'd never seen such a"complete failure" of corporate controls and oversight in his career, calling the situation that led to the bankruptcy filing"unprecedented.”
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