New FTX CEO Criticizes Management of Crypto Exchange During Sam Bankman-Fried's Tenure; Next Steps for Binance

This episode is sponsored by minima.global, Circle and Pastel Network.

"The Hash" team discusses New FTX CEO John J. Ray III issued a scathing assessment of "unprecedented" poor management practices by his predecessor, Sam Bankman-Fried, in a series of filings in a Delaware court. Also, Binance.US, the American arm of the world's largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to CoinDesk.

See also:

Confusion Abounds As Binance and OKX Suspend Support for USDC, USDT on Solana, Then Backpedal

Binance to Relaunch Bid for Bankrupt Lender Voyager: Source

FTX Affiliate Alameda Research Loaned $4.1B to Related Parties – Including $1B to Sam Bankman-Fried

New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure

FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”