New FTX boss condemns Bankman-Fried for 'complete
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Posted On: 11/17/2022 3:07:19 PM
New FTX boss condemns Bankman-Fried for 'complete failure of corporate controls'
https://www.foxbusiness.com/markets/new-ftx-b...e-controls
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FTX CEO says crypto exchange suffered 'complete failure of corporate controls'
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"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said in a filing with the U.S. Bankruptcy Court for the District of Delaware. "From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."
https://www.foxbusiness.com/markets/new-ftx-b...e-controls
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