FTX was an ‘utter failure of corporate controls at every level of an organization’, says CEO
Countering some of SBF’s claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.
Post from: Cointelegraph.com News
Tags: regulation, ftx, congress, sam bankman-fried, bankruptcy