“Complete failure of corporate controls” @ FTX

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.”

Complete failure of corporate controls at FTX

Read full declaration (Pacer).

This company was valued at $32bn!
Sequoia invested in it!
They basically said SBF was the world’s greatest genius!