New Chief Calls #FTX’s Corporate Control a ‘Complete #Failure’

source: https://www.nytimes.com/2022/11/17/business/ftx-bankruptcy.html

In a blistering #court filing on Thursday, Mr. Ray described an astonishing level of disarray and said he had never seen “such a complete failure of corporate control.” He listed a series of “unacceptable #management practices,” including the use of an unsecured group email for access to sensitive data, and said the financial information maintained by FTX was deeply untrustworthy.

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