'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,' writes John J. Ray III, the man appointed as CEO of cryptocurrency exchange platform to guide it through its collapse.And that's coming from a man who helped deal with the fallout from the Enron scandal, once the largest corporate bankruptcy in US history. The observations he makes in bankruptcy filings for FTX are so damning that it's remarkable the company did not implode sooner.
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