FTX: Crypto exchange’s new chief has ‘cavalier attitude to truth’ – regulator

0
9
By Charlie Conchie Crypto exchange FTX and its new boss has been accused of having a “cavalier attitude towards the truth” and failing to cooperate with authorities during bankruptcy proceedings. FTX, founded by disgraced former billionaire Sam Bankman-Fried, imploded in November after allegedly dishing out billions of dollars of customers’ cash to its sister trading firm Alameda Research. The crypto bourse ousted Bankman-Fried as its boss and called in seasoned bankruptcy veteran John Ray to manage the winding up of the firm. However, the Securities Commission of The Bahamas, where FTX is hea…