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bar1080

02/23/23 2:25 PM

#209454 RE: davidsson10 #209453

At its core, FTX's crime was "plain old_embezzlement" complicated by shoddy accounting that made the bankruptcy proceedings uniquely difficult. "Even with most failed companies, we have a fair road map of what happened," FTX CEO Ray said. "We're dealing with a literal paperless bankruptcy."

What the hell was SBF thinking? At some point investors will come calling for their money?

https://www.americanbanker.com/news/ftx-ceo-ray-tells-lawmakers-the-firm-engaged-in-plain-old-embezzlement