New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure

11/17 20:28

According to Coindesk, New FTX CEO John J. Ray III issued a scathing assessment of "unprecedented" poor management practices by his predecessor, Sam Bankman-Fried, in a series of filings in a Delaware court.Ray, who has previously supervised financial scandals such as Enron, criticized poor record-keeping and a lack of experience among senior managers, as well as the use of company funds to purchase real estate in the Bahamas."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 court document filed on Thursday. "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."
bullishbullishbullish4bearishbearishbearish31Поділитися
ЗастереженняНаведені вище матеріали не представляють позицію компанії HTX.HTX не дає жодних торгових рекомендацій.

Схожі статті

  • Image

    Bitcoin Millionaires Are Disappearing By The Thousands, And The Figures Are Shocking

  • Image

    Analyst Predicts Ethereum Price Will Rise 400% To $8,000 In 6 Months, And There’s A Pattern Behind It

  • Image

    In-Depth Report on Web3 Robots Sector: When Machines Become On-Chain Economic Agents

Усі коментарі0НовіПопулярно

avatar
НовіПопулярно

Схожі статті

  • Image

    Bitcoin Millionaires Are Disappearing By The Thousands, And The Figures Are Shocking

  • Image

    Analyst Predicts Ethereum Price Will Rise 400% To $8,000 In 6 Months, And There’s A Pattern Behind It

  • Image

    In-Depth Report on Web3 Robots Sector: When Machines Become On-Chain Economic Agents