From $34 Billion to $0 in One Week-FTX and Controls

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, we consider the recent collapse of the crypto currency trading platform FTX. We look at it from a variety of angles. Highlights include:

·       Where does FTX rate in terms of catastrophic business failures?

·       What were the internal control failures?

·       How much fraud was involved?

·       FTX is domiciled outside the US. What does that mean for the review process?

·       Will this lead to regulation over crypto?

 Resources

Matt Levine in Bloomberg on FTX’s balance sheet

Matt Kelly in Radical Compliance

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