The first interim report penned by John J. Ray III revealed that FTX lacked adequate governance, accounting, and security controls under its previous leadership.
Sam Bankman Fried, the Founder and Ex CEO of FTX, was arrested by the Royal Bahamas Police Force after US lawmakers filed criminal charges against him.
James Bromley reported that a large portion of FTX’s assets remain unaccounted for. He claimed that FTX has begun adding measures to safeguard its clients’ assets under the leadership of John J. Ray III.
The curtains have finally come down on the FTX liquidity crisis, with the exchange filing for bankruptcy in Delaware’s Federal Court and Sam Bankman-Fried stepping down as its CEO.
The curtains have finally come down on the FTX liquidity crisis, with the exchange filing for bankruptcy in Delaware’s Federal Court and Sam Bankman-Fried stepping down as its CEO.