FTX collapse called ‘old-fashioned embezzlement’ as Bankman-Fried slapped with federal charges

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FTX collapse called ‘old-fashioned embezzlement’ as Bankman-Fried slapped with federal charges
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The indictments rolled out as the new CEO of FTX, John Ray III, told a House committee that the company collapsed from shoddy management and “old-fashioned embezzlement.”

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