Attorneys highlight poor management at FTX’s first bankruptcy hearing

The first bankruptcy hearing for Bahamas-based FTX was held on Tuesday (22 November) in the U.S. Bankruptcy Court in Wilmington, Delaware. The exchange’s new CEO and Chief Restructuring Officer John Ray III were also present in the courtroom.  Lawyers from Sullivan Cromwell, the law firm representing FTX, laid out a detailed account of the mismanagement […]