FTX CEO blames 'grossly inexperienced' owners for collapse, says customer money funded risky Alameda trades

FTX CEO blames 'grossly inexperienced' owners for collapse, says customer money funded risky Alameda trades

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Current FTX CEO John Ray III laid the blame for the cryptocurrency exchange's collapse on founder and former chief executive Sam Bankman-Fried and his top executives, telling Congress they gambled with customers' money without any safeguards to protect their investments. Ray testified before the…

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