New FTX CEO Calls the Crypto Exchange’s Corporate Control a ‘Complete Failure’
“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001.
Posted inBankman-Fried, Sam Bankruptcies Drugs (Pharmaceuticals) High Net Worth Individuals HK FTX Trading Ltd (Futures Exchange) Labor and Jobs Psychiatry and Psychiatrists Regulation and Deregulation of Industry Sequoia Capital
FTX’s In-House Performance Coach Is Just as Surprised as You Are
George K. Lerner, a psychiatrist who has worked at the collapsed crypto exchange FTX since last year, said he had no knowledge of wrongdoing at the firm.
Posted inBankman-Fried, Sam Bankruptcies Commodity Futures Trading Commission HK FTX Trading Ltd (Futures Exchange) Regulation and Deregulation of Industry Suits and Litigation (Civil) Virtual Currency
FTX, Collapsed Crypto Exchange, Could Owe More Than 1 Million Creditors
In a court filing on Monday, the cryptocurrency exchange said it was in touch with “dozens” of regulators across the world.
Posted inBankman-Fried, Sam Bankruptcies Binance Computers and the Internet HK FTX Trading Ltd (Futures Exchange) Hong Kong Musk, Elon Virtual Currency
How Sam Bankman-Fried’s FTX Crypto Empire Collapsed
Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.