FTX CEO Ray Says It’s Impossible To Recoup All Losses, US Clients Fare Better

Yesterday’s testimony hearing of new FTX CEO John Ray III to the U.S. House of Representatives Financial Services Committee brought to light some new findings that are not likely to please former customers of the exchange. After Sam Bankman-Fried (SBF) was arrested by Bahamian authorities yesterday, Ray took the job of testifying before the U.S.