FTX was an 'utter failure of corporate controls at every level of an organization', says new CEO

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Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.

Source: Cointelegraph.com News

#Regulation, #Ftx, #Congress, #SamBankmanfried, #Bankruptcy