- FTX report unveils more details about Sam Bankman-Friedâs hold on the exchange.
- The report highlights the causes of the collapse, as well as the incompetence of FTX management.
- FTX CEO John Rayâs scathing remarks echo throughout the report.
The latest report released by FTX debtors has revealed shocking details about the company's inner workings. The report highlights a "hubris, incompetence, and greed" culture on an âunprecedented scale.â
According to the report, FTX lacked even the most fundamental financial and accounting controls.At the same time, the exchange and its founder...