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Corporate Decline
FTX: The Cost of Trust
Sam Bankman-Fried, crypto fraud, and the failure of financial controls
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About this book
In November 2022, FTX, one of the world’s largest cryptocurrency exchanges, collapsed in a matter of days, and its customers found billions of dollars of their deposits missing. A year later, its founder, Sam Bankman-Fried, was convicted of fraud.
Ray Kettering examines how so much trust came to rest on one company, and how the financial controls that should have caught the fraud failed.
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