The new head of the FTX crypto exchange called the reasons for its bankruptcy

The reasons for the bankruptcy of one of the largest crypto exchanges – FTX – were inefficient management and inexperienced leaders. This statement was made by the new CEO of the site, John Ray, during a hearing in the Committee on Financial Services of the House of Representatives of the US Congress, writes TASS. Photo: pixabay.com Formerly the founder and former head of the exchange, Sam Bankman-Fried, was arrested in the Bahamas. He was charged with defrauding investors. In his speech, Ray noted that control was in the hands of a small group of “extremely inexperienced and ignorant people.” He