FTX Turns a Blind Eye to Due Diligence

There are serious serious questions about whether they fulfill their fiduciary duties to their clients what kind of due diligence did they do they conduct. The new FTX CEO John Ray says in in court and in the bankruptcy filings there's absolutely no record keeping or controls we've got an auditor no one's ever heard of then you say well how is that possible so did they turn a blind eye to it were they just distracted by like this promise of innovation? How much cleanup work is there to do after all these cases have been bought forward even above and beyond FTX  there's a lot of enforcement by regulation and there's a lot more conviction in regulators and authorities saying hey these are new