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Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO’s report


Earlier Thursday, FTX CEO John Ray III filed a declaration with the United States Bankruptcy Court for Delaware, the latest in the implosion of one of the world’s largest cryptocurrency exchanges.Ray, who helped shepherd Enron through its own bankruptcy, minced no words about the state of the company or the behavior of the former executive team, describing it as one of the worst examples of corporate controls he’d ever encountered. It was a damning remark from someone who has 40 years of legal and restructuring experience.Here are some of the most significant revelations from Ray’s filing:1. A total lack of financial and corporate controls”Never in my career have …

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