John Ray III tells the US House that FTX's bankruptcy is "paperless" due to an "unprecedented" lack of documentation, FTX and Alameda are not distinct, and more (Stephanie Murray/The Block)

Stephanie Murray / The Block:
John Ray III tells the US House that FTX's bankruptcy is “paperless” due to an “unprecedented” lack of documentation, FTX and Alameda are not distinct, and more  —  - New FTX CEO John Ray III said top executives at FTX had “free rein” over the company's many entities.

from Techmeme https://ift.tt/ypNkPUj