Poor management, inexperienced leaders led to FTX collapse, new CEO tells lawmakers

Poor management, inexperienced leaders led to FTX collapse, new CEO tells lawmakers

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WASHINGTON, Dec 13 (Reuters) - Shortly after U.S. regulators on Tuesday charged FTX founder Sam Bankman-Fried with defrauding investors, its new chief executive told lawmakers the crypto exchange’s implosion stemmed from poor management practices and inexperienced individuals at the helm. "The FTX…

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