Tag: FTX CEO

New CEO says FTX had ‘complete failure of corporate control’

New CEO says FTX had ‘complete failure of corporate control’

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Collapsed cryptocurrency exchange FTX suffered a “complete failure of corporate controls” under founder Sam Bankman-Fried, the company’s new chief executive said on November 17, 2022, calling the situation “unprecedented.” Image for representation. | Photo Credit: AFP New FTX CEO John Ray said there was flawed regulatory oversight and a lack of corporate control of the […]

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Sam Bankman-Fried: 5 unknown facts about crypto’s fallen king

Sam Bankman-Fried: 5 unknown facts about crypto’s fallen king

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Once hailed as crypto’s white knight, Sam Bankman-Fried has had a meteoric fall from heights after a bombshell report that questioned the stability of Bankman-Fried’s crypto empire, which consists of Alameda Research and FTX. The report by CoinDesk triggered an avalanche of customer withdrawals, with FTX seeing an estimated $6 billion in withdrawals over the […]

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