Topline
Longtime bankruptcy attorney John J. Ray III, the new CEO of befallen cryptocurrency exchange FTX Trading who ទឹកកក ក្រុមហ៊ុនថាមពលអាក់អន់ចិត្ត Enron បន្ទាប់ពីរបស់ខ្លួន។ ការដួលរលំនៃរឿងរ៉ាវ in 2001, issued a scathing critique of the mismanagement that prompted the former crypto darling’s sudden collapse—calling it the worst failure of corporate controls he’s seen in his more than 40-year career in new court filings.
Sam Bankman-Fried នៃ FTX ថតនៅខែមីនាឆ្នាំ 2021 ដោយ Virgile Simon Bertrand សម្រាប់ទស្សនាវដ្តី Forbes ។
Virgile Simon Bertrand / The Forbes Collection
ការពិតសំខាន់
“Never in my career have I seen such a complete failure of corporate controls… as occurred here,” Ray said in a Delaware bankruptcy court filing unveiled Thursday, as he also criticized FTX’s “complete absence of trustworthy financial information.”
In his declaration, the veteran bankruptcy attorney outlined his experience cleaning up after “several of the largest corporate failures in history” and then called the situation at FTX “unprecedented”—marked by “faulty regulatory oversight abroad” and controlled by a “very small group of inexperienced, unsophisticated and potentially compromised individuals.”
Ray also said he accepted the position as CEO in the “early morning hours” of last Friday, the day FTX បានប្រកាស it had commenced Chapter 11 bankruptcy proceedings and that its former billionaire CEO, Sam Bankman-Fried, had resigned from the company following the sudden liquidity crisis it experienced in the days prior.
Ray went on to detail what several financial statements for FTX and Bankman-Fried’s proprietary trading firm Alameda alleged and repeatedly said he did not have “confidence” in the information because the statements were unaudited and produced while controlled by Bankman-Fried.
In a separate filing, Ray also accused Bankman-Fried of undermining FTX’s bankruptcy case, blasting the “celebrity…, his unconventional leadership style, incessant and disruptive tweeting since [Friday]
, and the almost complete lack of dependable corporate records” at FTX.
The filing comes after a series of nearly three dozen bizarre ធ្វីត from FTX’s former CEO—in which he acknowledged becoming “overconfident and careless”—prompted Ray to issue a statement saying Bankman-Fried “does not speak on [FTX’s] behalf.”
សាវតាសំខាន់
FTX’s bankruptcy announcement and the overnight departure of its 30-year-old founder capped a week of turmoil for the crypto wunderkind. FTX paused user withdrawals, and its namesake token បានដួលរលំ in value last week after Binance CEO Changpeng Zhao tweeted that his firm would sell all of its holdings in the FTX crypto token due to “recent revelations,” an apparent reference to a Coindesk របាយការណ៍ claiming Alameda largely held its assets in FTX’s coin. As the liquidity crisis unwound, Binance quickly swooped in on a rescue mission, announcing a nonbinding agreement to purchase FTX—only to back out one day later, citing liquidity issues “beyond our control or ability to help.”
តង់ហ្សង់។
Bankman-Fried’s fortune swelled to more than $26 billion as pandemic-era trading helped push FTX’s valuation to as much as $32 billion at the end of last year. Just last month, the 30-year-old យោង។ to himself as a modern-day J.P. Morgan for helping to acquire struggling crypto firms. Following FTX’s own collapse, Bankman-Fried was ទាញ ពី ទស្សនាវដ្តី Forbes’ billionaire ranks.
អានបន្ថែម
ឯកសារ FTX សម្រាប់ការក្ស័យធន - អតីតមហាសេដ្ឋី Sam Bankman-Fried លាលែងពីតំណែងជានាយកប្រតិបត្តិ (ទស្សនាវដ្តី Forbes)
Source: https://www.forbes.com/sites/jonathanponciano/2022/11/17/new-ftx-ceo-says-former-billionaire-bankman-fried-led-unprecedented-failure-incessant-tweets-undermine-bankruptcy-case/