FTX
1 min read
Testimony: FTX Collapsed Through 'Utter Failure' to Implement Corporate Controls
John Ray, the current CEO of FTX, blamed the digital currency exchange’s collapse on “grossly inexperienced and unsophisticated individuals” who failed to implement any controls, in prepared testimony for the House Financial Services Committee.
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Sam Bankman-Fried and FTX Donated over $300,000 to Lawmakers Investigating Him
Former FTX CEO Sam Bankman-Fried and his cofounders donated over $300,000 to nine lawmakers who are now investigating the company for wrongdoing.