John J. Ray III, the new CEO of FTX, cited “the secret exemption of Alameda from certain aspects of FTX.com’s auto-liquidation protocol” among a list of poor security and financial controls that have been uncovered since he took control of the company in the early hours of Nov. 11, shortly before it filed for bankruptcy in a U.S. court.
Galaxy, Lightspeed Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees
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