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FTX had 'complete failure' of controls, new CEO says
FTX had 'complete failure' of controls, new CEO says
by  AFP

Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented." "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 the filing.

Pelosi to reveal 'future plans' after Republicans take US House
Pelosi to reveal 'future plans' after Republicans take US House
by  AFP

Nancy Pelosi, the veteran Washington powerbroker and longtime leader of the Democrats in Congress, was set to "address her future plans" Thursday, one day after Republicans secured a slim majority in the House of Representatives. "The Speaker plans to address her future plans tomorrow to her colleagues," Pelosi spokesman Drew Hammill tweeted Wednesday night.

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