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Tag: Enron

This Week on Crypto Twitter: Further FTX Fallout

This week, Twitter served as a public confessional where the many crypto companies affected by FTX’s sudden, historic collapse came forward to declare just...

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange...

“A Complete Failure Of Corporate Control,” Says New FTX CEO As He Unearths Even More Dirt Leading To The Collapse

Advertisement &nbsp &nbsp FTX’s new CEO expresses shock over how the company was run as he opens a can of worms. He referred to...

Disentangling the Crypto Crash of 2022

A reckoning in the digital asset industry that started in June after the collapse of improperly collateralized investment assets gained new urgency in...

FTX Bankruptcy Overseer Says Company’s Collapse Is Worst He’s Ever Seen

FTX’s newly appointed CEO, John Ray III, called the crypto exchange’s collapse the worst of his career – and Ray oversaw the bankruptcy of...

FTX’s bankruptcy filings show ‘complete failure of corporate controls’

Bankruptcy filings have called out Sam Bankman-Fried (SBF) and the entire FTX team for a complete...

FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing

Key Takeaways A filing from FTX's new CEO has more thoroughly revealed the shocking state of the company's finances. New FTX CEO John J. Ray III,...

Crypto Markets Spiral on FTX’s Bankruptcy News

Someday, there will be a Netflix documentary about Sam Bankman-Fried. SBF — as he’s known in crypto circles — was worth more than $14...

FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary

Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal. In a new...

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