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‘A complete failure of corporate controls’: Six takeaways from FTX’s latest bankruptcy filing
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The new bosses of Sam Bankman-Fried's failed crypto empire FTX have submitted their first report on the state of play at the group - and it doesn't make for pretty reading.
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” said John J Ray III, the group’s new chief executive officer, in a declaration submitted in court.
Ray,...
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