“It’s really no different than with a bank”: New FTX CEO calls for increased transparency in crypto space
John Ray shaking hands with chairwoman Maxine Waters. Credit: US House Committee on Financial Services
The new CEO of stricken crypto exchange FTX has described an “utter lack of record keeping and no internal controls whatsoever” at the company ahead of its bankruptcy, saying regulatory attention on the sector in future would have to focus on transparency and the separation of customer funds.
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