Sam Bankman-Fried said that the statements of John Ray, the new CEO of FTX, were false.
At a bankruptcy hearing on November 17, Ray criticized FTX’s records and said the financial information was unreliable.
Sam Bankman-Fried Targets John Ray
In an interview with The Block, SBF referred to “legally recorded statements that I know are false.”
SBF said it had “limited access to data” since leaving the CEO role.
SBF stated that Ray and his team did not respond to their e-mails on the subject.
“If you try to take over a company and refuse to speak to anyone involved in the management of that company, I think it will be difficult to get the relevant data in a short time”
The SBF’s comments came in response to a question about Ray’s comments about weak financial controls.
“I object to the claim that there is zero financial control.
I agree that there are places where the controls are very weak, that it is at critical points and that it is really bad.”
In his 40-year career, Ray said he had never seen “such a complete failure of corporate controls and such a lack of reliable financial information” until his day at FTX.
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