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New FTX CEO Stunned By 'Complete Failure' Of Controls

By Vince Sullivan (November 17, 2022, 9:55 AM EST) -- FTX's new CEO John R. Ray III, who shepherded Enron after its spectacular collapse, said in a court filing Thursday that the crypto exchange's downfall stemmed from an unprecedented "failure of corporate controls," the likes of which he had never seen before in his career....

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