TechFlow news — In a series of filings submitted to a Delaware court, FTX's new CEO John Ray delivered a scathing assessment of SBF's "unprecedented" mismanagement. John Ray criticized poor record-keeping and the inexperience of senior management.
In one filing, John Ray stated: "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information. From compromised system integrity and oversight failures abroad, to control concentrated in the hands of a small group of inexperienced, immature, and potentially compromised individuals, this is unprecedented." Original link
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