'Pretty Damning': BlockFi CEO Ignored FTX Warnings, Overruled Risk Team, Report Finds
July 14, 2023
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4:20Now Playing'Pretty Damning': BlockFi CEO Ignored FTX Warnings, Overruled Risk Team, Report Finds
YouTube Description
as posted by the channelA document filed late Thursday on behalf of former BlockFi customers, a crypto pseudo-bank that declared bankruptcy last year, suggests that CEO Zac Prince disregarded warnings from his own risk-management team regarding the firm’s excessive exposure to FTX and its FTT token, whose plunge in value last year brought down both companies. Forbes director of research for digital assets Steven Ehrlich joins Brittany Lewis to discuss.
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