Ray in his prepared remarks said that theappeared to stem from the concentration of control "in the hands of a very small group of grossly inexperienced and unsophisticated individuals."
In recent weeks, U.S. authorities have sought information from investors and potential investors in FTX, two sources with knowledge of the requests told Reuters. Prosecutors and regulators have not charged Bankman-Fried with any crime.before U.S. lawmakers. Since he took over as CEO, Ray said he has established that customer assets at FTX were commingled with those of Alameda Research, Bankman-Fried's crypto trading firm that maintained close ties with his exchange. Client funds were used to engage in margin trading, which exposed customers to massive losses, Ray said.
Source: Digital Coin News (digitalcoinnews.net)
lol - teaching them how to steal on a larger scale
If SBF_FTX is not prosecuted & given a life sentence like RealRossU- the US justice system is a JOKE
How will he detail that? Every interview he's acted absolutely clueless to the workings and management practices of his company. Every answer starts with 'I'm not sure', 'Maybe', 'Possibly'
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