In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the company’s severe governance and regulatory issues. The flouting of internal control requirements and commingling of client funds was so glaring that several witnesses felt compelled to say something.
That is precisely why whistleblowing laws and corporate whistleblowing programs exist. Had the whistleblowers’ concerns been approached with due attention and rigor, they would have unveiled massive corporate…
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