FTX's Management Failures Exposed in Bankruptcy Report.
TL;DR Summary
FTX Debtors, a group of entities that filed for bankruptcy protection in the US, has released a report that identifies control failures by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. The report is based on information gleaned from terabytes of data and more than a million documents that were reviewed, as well as the testimony of 19 former FTX employees. The report is the first in a series regarding pre-petition events and issues that preceded the Chapter 11 cases.
Topics:business#bankruptcy#control-failures#cryptocurrency#cryptocurrency-exchange#ftx#sam-bankman-fried
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