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FTX Bankruptcy Filings Highlight ‘Complete Failure of Corporate Controls’

The new CEO of FTX called out Sam Bankman-Fried and the rest of the failed crypto exchange's leadership for a "complete failure of corporate controls" in a bankruptcy court filing. The filing stated: "In terms of the celebrity of Mr. Bankman-Fried, his unconventional leadership style, his incessant and disruptive tweeting since the Petition Date, and the almost complete lack of dependable corporate records, these Chapter 11 Cases are unprecedented." This is a developing story. 

(By Larry DiTore)

FTX Sam Bankman-Fried
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