Crypto’s most influential firms often follow their own rules — even after FTX’s collapse6 min read 15 May 2023, 07:25 PM IST
A review of practices at 60 of the sector’s most influential companies found many lack basic guardrails
Before it filed for bankruptcy last November, many of the entities in Sam Bankman-Fried’s colossal FTX empire had never held a board meeting. The crypto exchange operator itself, once valued at $32 billion with $1.8 billion in venture capital raised, only established a board near the end of its life with three directors.
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