FTX’s new CEO painted a vivid picture of the chaos that characterized the cryptocurrency company’s finances, accounting and leadership under founder and former CEO Sam Bankman-Fried, in a filing to federal bankruptcy court
The crypto exchange exhibited a ‘complete failure of corporate controls,’ former Enron chief John Ray says in his first detailed filing
Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin
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