New FTX CEO attacks co-founder for ‘erratic’ public remarks

FTX bankruptcy

In a court filing on Thursday, it was revealed that John Ray, the new FTX CEO, had questioned the management of the bankrupt cryptocurrency exchange.

Ray said, “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

Sam Bankman-Fried, a co-founder of FTX and Ray’s predecessor, was also criticized by Ray for making “erratic and misleading public statements.”

In an interview published by Vox on Wednesday, Bankman-Fried expressed sorrow about his decision to file bankruptcy protection and lambasted regulators.

Later, he made an effort to put out the flames by claiming that the interview was premised on a series of texts that weren’t intended for public consumption.

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