FTX Exec Warned Regulators of Possible Misuse of Funds

FTX Exec Warned Regulators of Possible Misuse of Funds

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the court filings related to FTX, revealing that Ryan Salami, a former executive, alerted Bahamian authorities about fund misuse before FTX's collapse. Internal documents show code by Nishad Singh to hide liabilities. The US Senate debates whether FTX's case is an industry issue or a lone bad actor, with differing views on regulation.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was the former Co-CEO at FTX who alerted authorities about fund misuse?

Sam Bankman-Fried

Ryan Salami

Nishad Singh

Gary Wang

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the purpose of the code authored by Nishad Singh?

To increase transaction speed

To improve security protocols

To hide Alameda's liabilities

To enhance user experience

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account was exempted from FTX's risk management practices?

Main account

Korean account

Investor account

Developer account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Sherrod Brown's stance on learning from FTX's collapse?

Increase customer disclosures

Ignore the incident

Promote more crypto investments

Ban all crypto exchanges

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Pat Toomey view the FTX incident?

As a lone bad actor

As a minor setback

As a reason to ban crypto

As a systemic industry issue