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BitDegree 2024-03-21 07:22:51

FTX Saga Continues: CEO John Ray Debunks Sam Bankman-Fried’s No-Harm Claims

Key Takeaways John J. Ray III disputes Sam Bankman-Fried's claims, revealing FTX was down to its last 105 bitcoins post-collapse. Efforts to recover assets and compensate customers do not negate the criminal aspects of Bankman-Fried's management. Despite potential for partial financial recovery, the broader harm and ethical violations of the FTX saga underscore enduring challenges in cryptocurrency governance.

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