controls

New FTX Chief Slams “Complete Failure Of Corporate Controls” At Crypto Exchange

New FTX Chief Slams “Complete Failure Of Corporate Controls” At Crypto Exchange

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Sam Bankman-Fried’s bankrupt FTX trading empire misused client funds and lacked reliable financials or proper internal controls, says new boss of collapsed $32 billion crypto exchange . John Ray III, a veteran insolvency practitioner who oversaw the liquidation of Enron, said in a U.S. court filing on Thursday that FTX was the worst case of …

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Chinese chip makers struggle to take advantage of U.S. export controls at home

Chinese chip makers struggle to take advantage of U.S. export controls at home

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As U.S. export controls bite, Chinese makers of equipment needed to make semiconductors stand to benefit from a rush of domestic orders, though executives and analysts warn that boost could be short duration. Since Washington introduced sweeping restrictions on Oct. 7 to limit the ability of Chinese companies to obtain or manufacture advanced computer chips, …

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