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The Naked Emperor Episode 3: Busted

Understood

CHAPTER

The Duty to Explain What Happened

Sam SPF, the former CEO of file sharing site FTX, is under fire for his company's collapse. He says he didn't take customer money and handed it over to his hedge fund Alameda. John J. Ray III, the lawyer in charge of dealing with FTX's bankruptcy proceedings, describes the mess he walked into. The restructuring claims that a substantial amount of assets are missing.

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