New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange.
John Ray criticises ‘absence of trustworthy financial information’ at sprawling digital assets group.
More @ FT.
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”
Read full declaration (Pacer).
This company was valued at $32bn!
Sequoia invested in it!
They basically said SBF was the world’s greatest genius!