John Ray says there was a 'complete absence of trustworthy financial information' at the company.
New FTX chief executive John Ray has hit out at the way the failed crypto exchange was run.Mr Ray said he had never "seen such a complete failure of corporate controls".
In documents filed for the first day of bankruptcy proceedings at the Bankruptcy Court for the District of Delaware, Mr Ray also criticised what he said were "erratic and misleading" public statements by his predecessor. Instead, he said, there was an "absence of an accurate list of bank accounts and account signatories".
Mr Ray's declaration to the court also says: "In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »
Oppo showcases mobile gaming with ray tracing on the new Snapdragon 8 Gen 2Qualcomm is finally bringing ray tracing to mobile gaming and Oppo helped show it off on stage
Lire la suite »
Bahamas could not have prevented FTX collapse, prime minister saysPhilip Davis indicates country has ‘not identified any deficiencies’ in crypto regulatory framework
Lire la suite »
Mercedes F1 team left in "disbelief" over FTX collapseToto Wolff admits Mercedes has been left in 'disbelief' over the sudden collapse of F1 sponsor and crypto exchange FTX. “That shows how vulnerable the sector still is.'
Lire la suite »
Is this the end of crypto?Only a fortnight ago Sam Bankman-Fried was in the stratosphere. But the high-speed implosion of FTX has dealt a catastrophic blow to an industry with a history of failure and scandals. Is this the end for crypto?
Lire la suite »
TSM and Furia cut ties with collapsed crypto company FTXBoth esports organzations had signed multi-million-dollar sponsorship deals with FTX, which fell into bankruptcy earlier this month.
Lire la suite »