FTX was an ‘utter failure of corporate controls at every level of an organization’, says CEO Post author:MiamiCrypto Post published:December 12, 2022 Post category:Bankruptcy / Congress / ftx / Regulation / Sam Bankman-Fried 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. You Might Also Like Russia to Decide Fate of Crypto Exchangers in 2022 December 3, 2021 Vladimir Putin signs bill banning digital assets as payments into law July 15, 2022 Global Regulators ‘Going Full Steam’ on Crypto — Official Says ‘Current Structure Is No Longer Fit for the Purpose’ February 11, 2022
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