From $34 Billion to $0 in One Week-FTX and Controls

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, we consider the recent collapse of the crypto currency trading platform FTX. We look at it from a variety of angles. Highlights include: ·       Where does FTX rate in terms of catastrophic business failures? ·       What were the internal control failures? ·       How much fraud was involved? ·       FTX is domiciled outside the US. What does that mean for the review process? ·       Will this lead to regulation over crypto?  Resources Matt Levine in Bloomberg on FTX’s balance sheet Matt Kelly in Radical Compliance Learn more about your ad choices. Visit megaphone.fm/adchoices