The brand new chief govt of FTX, an insolvency skilled who oversaw the liquidation of Enron, has mentioned that the chapter of the crypto group is the worst case of company failure he has seen in additional than 40 years.
John Ray III, who was appointed to run the FTX chapter, mentioned in a US court docket submitting that he had by no means seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information”.
The assertion underlined the chaos and…
