Friday, 18 November 2022 – Moon of Alabama
Yves Smith of Naked Capitalism, who called everything crypto ‘prosecution futures‘, provides the latest FTX bankruptcy filing:
John J. Ray III, the newly appointed CEO of bankrupt crypto player FTX’s sprawling empire who played the same role in the then-biggest-evah Enron bankruptcy and other big corporate implosions, filed his formal initial assessment with the Delaware bankruptcy court in the form of declaration, embedded below.
As expected the FTX and the companies related to it are a huge criminal mess.