FTX Hearing: CEO John Ray Claims “Embezzlement” Root Cause Of FTX Collapse

In an ongoing Congressional hearing, FTX’s newly appointed chief executive John Ray III told the panel that Sam FTX founder Sam Bankman-Fried “should have known” his actions and conflict of interest between the corporate relationship between the FTX crypto exchange and its trading arm Alameda Research would result in the empire’s final collapse. Ray Grills The post FTX Hearing: CEO John Ray Claims “Embezzlement” Root Cause Of FTX Collapse appeared first on CoinGape .