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New FTX CEO says lax oversight, bad decisions caused failure

Por: Associated Press Business December 14, 2022

WASHINGTON (AP) — Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange, according to the company’s new CEO, who testified before a House committee TuesdayFTX CEO John Ray III, who has guided dozens of companies, including Enron, through bankruptcy restructuring, called... + full article



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