FTX appeared to use ‘old-fashioned embezzlement’
Matthew CranstonUnited States correspondent
Washington | John Ray has overseen some of the biggest American bankruptcies in 40 years of insolvency practice, including the collapse of Enron.
But in a Capitol Hill committee room on Tuesday (Wednesday AEDT), packed with the media and members of Congress, the veteran undertaker and now new FTX boss conceded that the crypto company’s kind of bankruptcy was unprecedented.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles