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@gcluley @smashingsecurity that “Jon Ray guy” was part of Enron. So it’s a bit scary when he says this:

FTX’s new CEO: “Never in my career have I seen such a complete failure”
moneywatch

New FTX CEO John Ray III has decades of experience guiding companies through bankruptcy, including Enron following its infamous 2001 collapse. But nothing he has seen over his career compares to the problems at the cryptocurrency exchange just before it declared bankruptcy last week.

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,” Ray said in court documents filed on Thursday.

@gcluley @smashingsecurity forgot to add the source: https://www.cbsnews.com/news/ftx-bankruptcy-john-ray-ceo-failure/

@elias @smashingsecurity Thanks. I'll add the link to the show notes.