FTX disarray declared 'unprecedented' by exec who cleaned up after Enron
Corporate funds bought employee homes, no accounting department, uncertainty about who's an employee, and other baffling behavior John Ray III, CEO of FTX Trading Ltd, who succeeded disgraced founder Sam Bankman-Fried following the collapse of the once notionally valued $32 billion cryptocurrency exchange, told a Delaware bankruptcy court on Thursday that the company is a disaster unlike anything he has ever seen....