What was one of the main reasons for FTX's failure according to John Ray?
FTX CEO Testifies Collapse Was 'Plain Old Embezzlement'

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Business, Social Studies
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Technological failures
High operational costs
Concentration of control in inexperienced hands
Lack of customer interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What issue arose from the relationship between FTX and Alameda Research?
Customer funds were mixed with corporate money
Regulatory compliance issues
Technological integration problems
Increased competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What risky financial practice was involved in the FTX collapse?
Short selling
Margin trading
Options trading
Day trading
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the reaction of some lawmakers to Sam Bankman-Fried's arrest?
They were supportive of his actions
They were frustrated with the timing
They were indifferent
They were unaware of the arrest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did John Ray suggest as basic principles for cryptocurrency regulation?
More investment in technology
Increased marketing and advertising
Good record keeping, oversight, and transparency
Higher transaction fees
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