New CEO says FTX had 'complete failure of corporate control'
Source: Reuters
Nov 17 (Reuters) - New FTX CEO John Ray said there was flawed regulatory oversight and a lack of corporate control of the bankrupt crypto exchange founded by Sam Bankman-Fried in a U.S. court filing on Thursday.In the highest-profile crypto blowup to date, FTX filed for protection in the United States on Friday after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a…
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