- According to John Ray, the new CEO of FTX, corporate assets from the defunct cryptocurrency exchange were used to buy Bahamas-based mansions and other personal items for staff members and consultants.
- According to Ray, “there doesn’t seem to be paperwork for some of these transactions as loans.”
- He continued by saying that “some real estate” was registered in the names of employees.
New CEO: FTX’s corporate funds were used to purchase staff members’ homes in the Bahamas.
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