'Grossly Inexperienced and Unsophisticated' Leadership Caused FTX Collapse, Says New CEO

'Grossly Inexperienced and Unsophisticated' Leadership Caused FTX Collapse, Says New CEO

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The new CEO of failed crypto exchange FTX, John J. Ray III, has said that the company’s collapse was caused by “a very small group of grossly inexperienced and unsophisticated individuals.” In remarks prepared ahead of a House Financial Services Committee hearing tomorrow, the man in charge of…

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