New FTX CEO Says the Collapsed Exchange’s Top Leaders Were ‘Potentially Compromised Individuals’

New FTX CEO Says the Collapsed Exchange’s Top Leaders Were ‘Potentially Compromised Individuals’


The new chief executive of bankrupt crypto exchange FTX says that the platform’s leadership was made up of “potentially compromised individuals.”

According to recent bankruptcy filings, FTX CEO John Ray, who took the firm’s help from founder Sam Bankman-Fried last week, says that the crypto exchange’s current situation is unprecedented.

“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.

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From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”

However, Ray notes that most of FTX’s employees were unaware of the company’s ailing

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