WSJ What’s News

FTX’s New CEO: Exchange Suffered Failure of Corporate Controls

11.17.2022 - By The Wall Street JournalPlay

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P.M. Edition for Nov. 17. John J. Ray took over the cryptocurrency platform FTX last week. In a filing to federal bankruptcy court Thursday he pointed to a “complete failure of corporate controls” and added he’d never seen anything this bad in 40 years of restructuring firms. Finance reporter Eliot Brown joins Annmarie Fertoli to discuss.

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