In today's episode of WHAT THE ACTUAL FCUK?

In today's episode of WHAT THE ACTUAL FCUK?

By LeftFooted | bitcoinea | 21 Nov 2022


The FTX's bankruptcy ongoing drama is giving us daily updates.


It is also giving daily reasons to exclaim: WHAT THE ACTUAL FCUK?


So, in random order.


Last week, right after the scandal erupted, John J. Ray III - an American attorney that specialises in corporate bankruptcy - was appointed CEO of FTX, replacing SBF (who had previously resigned).


This is pretty standard, nothing to warrant a 'WHAT THE ACTUAL FCUK' moment.


Actually, Ray III also foresee the bankruptcy of Enron.


However, the bankruptcy filing that he filed in Delaware contains some pretty juicy bits of information.


First of all, and WHAT THE ACTUAL FCUK, FTX apparently didn't even have an accountant.


Secondly, God bless him, Mr Ray III is being paid $1,300 per hour for the job.


This is also in the filing.


Clearly, I made some wrong career choices along the way.

How do you rate this article?

10


LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


bitcoinea
bitcoinea

Let’s talk crypto 💎💠

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.

Page not displaying correctly?