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The current CEO of FTX, John Ray, has disputed the former CEO Sam Bank Fried’s assertion that there was “zero” harm to customers during the platform’s collapse in 2022, labeling the claim as “reckless” and “false.”
“I can assure the Court that each of these statements is categorically, callously, and demonstrably false,” Ray wrote in a Wednesday. “Customers will never be in the same position they would have been had they not crossed paths with Mr. Bankman-Fried and his so-called brand of altruism.”
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