Financial Times: New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange

Financial Times: New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange. “The new boss of bankrupt crypto exchange FTX has slammed the management of founder Sam Bankman-Fried, saying the company’s financial statements could not be trusted and that a business once valued at $32bn lacked any significant internal controls. John Ray III, a veteran insolvency professional who oversaw the liquidation of Enron, said in a court filing on Thursday that FTX was the worst case of corporate failure that he had seen in his more than 40-year career.”

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