FTX filed for U.S. bankruptcy protection last month and its founder Sam Bankman\u002DFried resigned as chief executive.
“Never in my career have I seen such an utter failure of corporate controls at every level of an organization, from the lack of financial statements to a complete failure of any internal controls or governance whatsoever,” Ray said.Article contentas traders rushed to withdraw $6 billion from the platform in just 72 hours.
Ray said in his testimony that he has hired a new chief financial officer, a head of human resources and administration and a head of information technology. He has also appointed a board of directors, which is chaired by former U.S. Attorney Joseph Farnan.Article content Ray also addressed why FTX US was included in the bankruptcy filing, which Bankman-Fried has expressed confusion about in media interviews, claiming that the company’s U.S. entity is financially sound.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
اقرأ أكثر »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
اقرأ أكثر »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
اقرأ أكثر »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
اقرأ أكثر »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
اقرأ أكثر »
'LOOK LIKE IDIOTS': Kevin O'Leary burned for $15M in FTX meltdownCanadian reality TV titan Kevin O\u0027Leary has admitted he was burned for $15 million in the crypto kids\u0027 FTX market meltdown.
اقرأ أكثر »