CEO in Charge of FTX Restructuring Calls Case an ‘Unprecedented’ Mess

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CEO in Charge of FTX Restructuring Calls Case an ‘Unprecedented’ Mess
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FTX’s new CEO painted a vivid picture of the chaos that characterized the cryptocurrency company’s finances, accounting and leadership under founder and former CEO Sam Bankman-Fried, in a filing to federal bankruptcy court

Crypto exchange exhibited a ‘complete failure of corporate controls,’ John Ray, who led Enron in bankruptcy, says in first detailed filing

Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed as a result of a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin

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