Sam Bankman-Fried Responds to FTX's New CEO - Coinleaks
Current Date:November 7, 2024

Sam Bankman-Fried Responds to FTX’s New CEO

Sam Bankman-Fried said that the statements of John Ray, the new CEO of FTX, were false.

At a bankruptcy hearing on November 17, Ray criticized FTX’s records and said the financial information was unreliable.

Sam Bankman-Fried Targets John Ray

In an interview with The Block, SBF referred to “legally recorded statements that I know are false.”

SBF said it had “limited access to data” since leaving the CEO role.

SBF stated that Ray and his team did not respond to their e-mails on the subject.

“If you try to take over a company and refuse to speak to anyone involved in the management of that company, I think it will be difficult to get the relevant data in a short time”

The SBF’s comments came in response to a question about Ray’s comments about weak financial controls.

“I object to the claim that there is zero financial control.
I agree that there are places where the controls are very weak, that it is at critical points and that it is really bad.”

In his 40-year career, Ray said he had never seen “such a complete failure of corporate controls and such a lack of reliable financial information” until his day at FTX.

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