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New FTX CEO says lax oversight, bad decisions caused failure

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  • المصدر:
    AP English Worldstream - English, 12/13/2022
  • معلومة اضافية
    • نبذة مختصرة :
      WASHINGTON (AP) ” Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange, according to the company's new CEO, who testified before a House committee TuesdayFTX CEO John Ray III, who has guided dozens of companies, including Enron, through bankruptcy restructuring, called FTX™s collapse one of the worst business failures he has seen ” a œpaperless bankruptcy, fueled by an œunprecedented lack of documentation. [ABSTRACT FROM PUBLISHER]