#New FTX CEO says crypto disaster worse than Enron

#New FTX CEO says crypto disaster worse than Enron

“New FTX CEO says crypto disaster worse than Enron” FTX’s new boss said the firm’s corporate governance under disgraced ex-CEO Sam Bankman-Fried was the worst he’s seen in his career — including his stint cleaning up the mess at Enron. FTX CEO John Ray III — an insolvency expert who steered energy firm Enron through…

Read More
# Sam Bankman-Fried updates investors: ‘We got overconfident and careless,’ claims B leverage

# Sam Bankman-Fried updates investors: ‘We got overconfident and careless,’ claims $13B leverage

” Sam Bankman-Fried updates investors: ‘We got overconfident and careless,’ claims $13B leverage “ Former FTX chief executive officer Sam Bankman-Fried said he was “wrong” in his estimates of the crypto exchange’s leverage prior to its collapse, claiming it wasn’t $5 billion, but closer to $13 billion. In a Nov. 16 Twitter thread, Bankman-Fried said…

Read More