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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) ” The new CEO of the failed cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago. John Ray III 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]