New FTX CEO Can't Find Missing Cash and Crypto

The video discusses the financial turmoil surrounding FTX and its former CEO, Sam Bankman-Fried. Advisors are struggling to locate missing funds due to poor internal controls. John Jay Ray, known for handling Enron's bankruptcy, highlights failures in corporate governance. Loans from Alameda to FTX executives are scrutinized, with some funds allegedly used for personal assets. Sam Bankman-Fried's Twitter activity is causing legal complications, as FTX's bankruptcy process unfolds. The video also raises concerns about the broader crypto industry's stability, with companies pausing customer fund withdrawals.

What was one of the main issues identified by John Jay Ray in the FTX case?

• Excessive marketing expenses

• Lack of customer support

• Complete failure of corporate controls

• High employee turnover

What is a potential problem with Sam Bankman-Fried's Twitter posts according to the discussion?

• They are irrelevant to the case

• They are too technical for the public

• They could confuse the legal process

• They might reveal trade secrets

What action did Sam Bankman-Fried reportedly take after the bankruptcy filing?

• He resigned from FTX

• He tried to raise new equity for FTX

• He moved to a different country

• He started a new company

What financial structure is highlighted as a concern in the FTX and Alameda case?

• Direct investment in real estate

• Circular financing involving executives

• High-frequency trading algorithms

• Exclusive partnerships with banks

What broader concern does the FTX case raise about the crypto industry?

• Lack of innovation

• Increased regulation

• Pausing of customer fund withdrawals

• Decline in cryptocurrency values