2022/11/17

Incoming FTX CEO John Ray: “Never in My Career Have I Seen Such a Complete Failure of Corporate Controls”

“From compromised system integrity and faulty regulatory oversight, to the concentration of control in the hands of a small group of inexperienced, unsophisticated, and potentially compromised individuals, this situation is unprecedented.”
– Lawyer and corporate restructuring specialist John Jay Ray III, bluntly assessing bankrupt cryptocurrency exchange FTX
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