Cryptonews Among the failures of the bankrupt FTX Group of companies were unsecured crypto keys, spending requests approved via emoji and records set to auto-delete 😶
When the guy who cleaned up after Enron says “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” at FTX, you know things had to be really bad.
“From compromised systems integrity and faulty regulatory oversight abroad to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” Ray told Delaware Bankruptcy Court in aThis sounds a little hard to believe until you get into the details of Ray’s statement to the court of how Sam Bankman Fried ran FTX, FTX US, Alameda research and the other approximately 130 companies in FTX...
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