WATCH – FTX CEO John Ray on Scandal: ‘This Is Just Plain Old Embezzlement’
John Ray, the current CEO of FTX, testified Tuesday that the financial scandal at the crypto-exchange company is “plain old embezzlement.”
John Ray
Watch Live: FTX CEO John Ray Testifies Before Congress on Company’s Collapse
The new CEO of FTX, John Ray, will testify before the House Financial Services Committee on Tuesday, less than 24 hours after the arrest of the company’s former head, Sam Bankman-Fried. Ray became CEO after the cryptocurrency company filed for
Testimony: FTX Collapsed Through ‘Utter Failure’ to Implement Corporate Controls
John Ray, the current CEO of FTX, blamed the digital currency exchange’s collapse on “grossly inexperienced and unsophisticated individuals” who failed to implement any controls, in prepared testimony for the House Financial Services Committee.