Co-founder and former CEO of FTX Sam Bankman-Fried, in Hong Kong, China, on Tuesday, May 11, 2021. Photo: Lam Yik/AP CEO Hired for FTX Restructuring Sees 'Complete Failure of Corporate Controls'
The declaration by John Ray, the Chicago lawyer who has been installed as CEO of FTX, included the first public signs of what might become of the cryptocurrency exchange as it's untangled in the bankruptcy court.
November 17, 2022 at 03:26 PM
4 minute read
Chapter 11 proceedings are underway for the 134 business entities comprising FTX, and their new CEO now says the bankruptcy links to an unprecedented failure of corporate controls.
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