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FTX Is a Bigger Mess Than Enron, New CEO Says

Por: Time Business November 19, 2022

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NEW YORK — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning description of FTX’s operations under its founder Sam Bankman-Fried, from a lack of security controls to business funds being used to buy employees homes and luxuries. “Never in... + full article



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