llkaband.blogg.se

Any video converter pro
Any video converter pro











any video converter pro

FTX Group management asked employees 'well-versed with' 'parts of the flow' to provide first drafts of policies and procedures in a mere 24 hours." 3) An Alameda exec instructed employees to fudge numbersĪn unnamed upper-level Alameda insider instructed staff to "come up with some numbers? idk" in response to requests for marking the fund's positions for certain tokens.Īlthough Alameda was once viewed as one of the best in the industry, behind the scenes the trading shop couldn't keep track of its own investment strategies. In requesting the assistance of certain employees in quickly writing policies, FTX Group management informed them that because the auditors spend time in understanding and reviewing internal processes, internal controls would have to be documented. Prosecutors have referred to the catastrophic turn of events as one of the "biggest financial frauds in American history."Īs a result, the report says: "Senior FTX Group personnel scrambled to cobble together purported policies that could be shown to auditors. "Despite these asset levels and transaction volumes, the FTX Group lacked fundamental financial and accounting controls."įTX filed for Chapter 11 bankruptcy in November after losing at least $8 billion in client funds.

any video converter pro

"At its peak, the FTX Group operated in 250 jurisdictions, controlled tens of billions of dollars of assets across its various companies, engaged in as many as 26 million transactions per day, and had millions of users," the report reads. The report, which is 45 pages long, compiled interviews of 19 former FTX employees and "received substantial information through counsel" for five others.

any video converter pro

Ray III took over last year.Ĭlaims range from egregious accounting mistakes that cost the company a fortune, threats against employees who spoke up about alleged wrongdoings, and several others. FTX's debtors report was released on Sunday, the first detailed account of wrongdoings against the failed crypto exchange and its affiliated companies since CEO John J.













Any video converter pro