New CEO of FTX condemns ‘complete failure’ of corporate control

New CEO of FTX condemns ‘complete failure’ of corporate control
(Alamy/PA)
Thu, 17 Nov, 2022 - 13:55
Michelle Chapman, Associated Press

The new chief executive of collapsed cryptocurrency trading firm FTX says said he has never seen such a “complete failure” of corporate control.

John Ray III, in a filing with the US bankruptcy court for the district of Delaware, said there was a “complete absence of trustworthy financial information”.

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