HomeNewsBusinessNew FTX CEO slams "complete failure of corporate control"

New FTX CEO slams "complete failure of corporate control"

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said.

November 17, 2022 / 19:01 IST
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ohn J. Ray III, the new chief executive officer of FTX, slammed the bankrupt crypto exchange's oversight in a court filing on Thursday.

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said.

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Reuters
first published: Nov 17, 2022 07:01 pm

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