FTX pitch deck projections not backed by ‘viable assumptions,’ legal expert says

11/18 09:12

According to The block, Simmons & Simmons partner George Morris found “unsubstantiated” projections in a 2020 pitch deck produced by FTX and obtained by The Block. “There is no commentary with respect to regulatory strategy, which cannot be written off as a sign of those times since FTX was offering derivatives, which have for a long time before February 2020 been subject to an existing and well-known regulatory regime, which raises the question around their sophistication at the time from a legal perspective,” Morris said.
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