FTX's new CEO says that it could take months to track down the company's assets and that there was 'no record keeping whatsoever' at the now-bankrupt exchange

Dec 13 2022 by Business Insider

 
Sam Bankman-Fried co-founded the crypto exchange FTX in 2019.

FTX

FTX's new chief John Ray says it could take months to secure all the company's assets. "I've just never seen an utter lack of record keeping," Ray, who oversaw Enron's bankruptcy process, said. Disgraced FTX founder Sam Bankman-Fried was slated to testify, but was arrested Monday night. 

FTX's new chief executive officer John Ray said it could take months to secure all the company's assets following its abrupt collapse.

"We've...

Continue Reading FTX's new CEO says that it could take months to track down the company's assets and that there was 'no record keeping whatsoever' at the now-bankrupt exchange