The FTX scandal made it clear that corporate mismanagement in crypto businesses continues to loom as an existential threat in the Fraud and Asset recovery landscape. Join us for this session to learn about what really happened at FTX, labeled as unprecedented situations resulting from a “complete failure of corporate controls and a complete absence of trustworthy financial information”.

We will discuss many aspects of the scandal and answer questions such as:

• Was it a fraud or just a collection of inexperienced and irresponsible twenty-somethings very out of their depth?
• How was this able to happen?
• What can this community do to prevent such failures in the future?
• What are the challenges in recovering assets?
• What are the prospects of FTX’s creditors receiving compensation?