over as chief executive officer of beleaguered cryptocurrency exchange FTX Ltd., says he has never in his 40-year career seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”he asserted Thursday in an FTX filing
“Supported by experienced, external consultants with financial, commercial, and other relevant expertise, and often in consultation with investment partners, due diligence is designed to use company-provided materials and other research to assess the risk related to a specific investment,” he said. Temasek Holdings Ltd., Singapore’s state investment fund, issued a lengthy statement on Thursday that recognized the “learnings” it will take away from the “inherent risks” of its US$275-million investment in FTX, all of which it is now writing off.
“It is apparent from this investment that perhaps our belief in the actions, judgment and leadership of Sam Bankman-Fried, formed from our interactions with him and views expressed in our discussions with others, would appear to have been misplaced.”
acoyne The Trudeau foundation needs to be investigated
Skimming aid to Ukraine for continued politician corruption. Dusgusting.
((( unprecedented)))
Democratic midterm party?
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