Poor management, inexperienced leadership led to FTX’s collapse, new CEO tells U.S. lawmakers

Poor management, inexperienced leadership led to FTX’s collapse, new CEO tells U.S. lawmakers

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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 group’s collapse appears to…

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