Crime

FTX used QuickBooks and Slack for finances, new CEO says

By Zach Halaschak
Published December 13, 2022 5:03pm ET
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FTX used QuickBooks and Slack for finances, new CEO says
The CEO hired to guide FTX through bankruptcy testified that the company used QuickBooks and instant messaging to handle its finances. John Ray III, who took FTX over from Sam Bankman-Fried last month, told the House Financial Services Committee on Tuesday that record-keeping under Bankman-Fried was virtually nonexistent. “It’s an absence of record-keeping. Employees would […]

The CEO hired to guide FTX through bankruptcy testified that the company used QuickBooks and instant messaging to handle its finances.

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Cryptocurrency FTX House Financial Services Committee