Devedores FTX descrevem falhas de controle em um novo relatório
- FTX debtors released their first report identifying and discussing control failures by the crypto trading platform’s previous management team.
- O relatório é baseado na análise de terabytes de dados eletrônicos junto com mais de um milhão de documentos e entrevistas com 19 ex-funcionários.
- In a filing submitted in a Delaware bankruptcy court, the current FTX CEO said that the exchange was run by three inexperienced people “not long out of college.”
- SBF, along with co-founder Gary Wang and former engineering director Nishad Singh, had the “final voice in all significant decisions,” claims John Ray III.
The collapse of defunct crypto exchange FTX under the leadership of Sam Bankman-Fried, also known as SBF in the crypto space, shook the industry for months, and now, the debtors have released their first report identifying and discussing control failures by the crypto trading platform’s previous management team in critical areas like management and governance, finance and accounting, digital asset management, information security, and cybersecurity.
De acordo com um liberar, the report is based on the review of terabytes of electronic data and communications, along with over one million documents and interviews with 19 former FTX Group employees. It is crucial to note that “this work was undertaken by the debtors through a team of legal, restructuring, forensic accounting, cybersecurity, computer engineering, cryptography, blockchain, and other experts.”
John J. Ray III, o CEO e Diretor de Reestruturação da empresa em desgraça, disse que o relatório is being released in the spirit of transparency that was promised from the beginning of the Chapter 11 process, while adding that “in this report, we provide details on our findings that FTX Group failed to implement appropriate controls in areas that were critical for safeguarding cash and crypto assets.”
“FTX Group was tightly controlled by a small group of individuals who falsely claimed to manage FTX Group responsibly, but in fact showed little interest in instituting oversight or implementing an appropriate control framework. We are continuing our efforts to review the events that factored into the fall of FTX and to identify and recover as much value as possible for creditors,” said the executive.
The report is “expected to be the first in a series regarding pre-petition events and issues that preceded the Chapter 11 cases,” claims the release. Furthermore, in an April 9 court arquivamento submitted in a Delaware Bankruptcy Court, Ray stated that the crypto exchange was run by three inexperienced people “not long out of college.”
Ray stated that the three people responsible for running FTX “relied on a hodgepodge of Google documents, Slack communications, shared drives, and Excel spreadsheets” to manage the firm’s assets and liabilities. The Chief Restructuring Officer said that his restructuring team “identified extensive deficiencies in the FTX Group’s controls.”
Bankman-Fried, along with co-founder Gary Wang and former engineering director Nishad Singh, had the “final voice in all significant decisions,” claims Ray, while adding that the three had very limited experience.
“These three individuals, not long out of college and with no experience in risk management or running a business, controlled nearly every significant aspect of the FTX Group,” he said.
Brett Harrison, ex-presidente do braço americano da bolsa de criptomoedas, levantou preocupações com SBF e Singh regarding “the lack of appropriate delegation of authority, formal management structure, and key hires at FTX.US.”
Harrison também acrescentou que o SBF era emocionalmente volátil, evitava conflitos, resistia às críticas e até o isolava da tomada de decisões importantes. Por outro lado, Bankman-Fried está atualmente em prisão domiciliar e está proibido de acessar e usar aplicativos de mensagens online como parte de novas condições de fiança impostas pelo juiz distrital dos EUA Lewis Kaplan.
Jornalista cripto com mais de 3 anos de experiência em DeFi, NFT, metaverso, etc. Parth trabalhou com grandes meios de comunicação no mundo cripto e financeiro e ganhou experiência e conhecimento em cultura criptográfica depois de sobreviver a mercados de baixa e alta ao longo dos anos.
