FTX disarray declared ‘unprecedented’ by exec who clean up after EnronThomas Claburnon November 18, 2022 at 01:20 The Register

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Corporate funds bought employee homes, no accounting department, uncertainty about who’s an employee, and other baffling behavior

John Ray III, CEO of FTX Trading Ltd, who succeeded disgraced founder Sam Bankman-Fried following the collapse of the once notionally valued $32 billion cryptocurrency exchange, told a Delaware bankruptcy court on Thursday that the company is a disaster unlike anything he has ever seen.…

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