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Alternative headline: “FTX execs had ‘free rein’ over , exchange, Alameda.”
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FTX US 'Was Not Independent' of Parent Company, New FTX CEO Will Say in House TestimonyFTX US “was not independent” of its parent company, new FTX CEO John Ray III plans to say in his testimony before the House Financial Services Committee on Tuesday. nikhileshde reports
Source: CoinDesk - 🏆 291. / 63 Read more »
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to CongressNew congressional testimony from FTX's wartime CEO features more salvos at the management of former CEO Sam Bankman-Fried. SCOOPED
Source: TheBlock__ - 🏆 464. / 53 Read more »
10 Questions for FTX CEO John J. Ray III From a Securities LawyerThe House Financial Services Committee will hold a hearing on the FTX collapse tomorrow. If the questioning is handled properly, Sam Bankman-Fried could be put in an extremely difficult position, Murphy & McGonigle's MetaLawMan writes. Opinion. MetaLawMan Like the back of a Volkswagen?
Source: CoinDesk - 🏆 291. / 63 Read more »
John J. Ray III Warned Not to ‘Obstruct’ Bahamas FTX Probe as He Gives TestimonyFilings by new FTX CEO John J. Ray III give a 'false impression' of goings on at the crypto company's Bahamas arm, the Bahamas securities commission has said. jackschickler reports. jackschickler This makes me question the Bahamian Securities Commission, not Ray. jackschickler It seems that some questions are unanswered - did he get bail for example?
Source: CoinDesk - 🏆 291. / 63 Read more »
Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committeeDisgraced former FTX chief Sam Bankman-Fried confirmed he will testify remotely on Tuesday before a House committee regarding the crypto exchange's collapse. 😵 Can't believe how corrupt is this country EleanorTerrett is this now wrong? My head is spinning 😂 What's remotely mean in hiding?
Source: FoxBusiness - 🏆 458. / 53 Read more »
FTX CEO to detail 'unacceptable management practices' in congressional testimonyFTX CEO John Ray will tell lawmakers on Tuesday that the bankrupt cryptocurrency exchange had 'unacceptable management practices' including the commingling of assets and lack of internal controls, according to prepared remarks published Monday by the U.S. House Financial Services Committee. 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' If SBF_FTX is not prosecuted & given a life sentence like RealRossU- the US justice system is a JOKE lol - teaching them how to steal on a larger scale
Source: Reuters - 🏆 2. / 97 Read more »