John J. Ray III, the new CEO of FTX, cited “the secret exemption of Alameda from certain aspects of FTX.com’s auto-liquidation protocol” among a list of poor security and financial controls that have been uncovered since he took control of the company in the early hours of Nov. 11, shortly before it filed for bankruptcy in a U.S. court.
Related posts
-
Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the... -
Bitcoin hits 62k as FTX token, Beam, Shiba Inu soar after US adds 254k jobs in September
Bitcoin and other altcoins held steady after the Bureau of Labor Statistics published encouraging September nonfarm... -
Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Network Prepares a New Memecoin ‘Pepper’
Although NFTs might have less trading volume currently, at the peak of the bull market, they...