FTX US ‘Was Not Independent’ of Parent Company, New FTX CEO Will Say in House Testimony

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FTX US ‘Was Not Independent’ of Parent Company, New FTX CEO Will Say in House Testimony

John Ray III, who assumed leadership of the company last month hours before it filed for bankruptcy, will tell the House Financial Services Committee that his new team has so far secured over $1 billion in digital assets, though that’s only a small portion of the billions it owes customers and other creditors. www.coindesk.com

John Ray III, who assumed leadership of the company last month hours before it filed for bankruptcy, will tell the House Financial Services Committee that his new team has so far secured over $1 billion in digital assets, though that’s only a small portion of the billions it owes customers and other creditors.

www.coindesk.com