Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here, new FTX CEO John J. Ray III said in scathing remarks of the mismanagement at bankrupt cryptocurrency exchange FTX. Ray, who was hired after FTX declared bankruptcy last week, said that in his 40 years of experience working on massive corporate meltdowns like Enron, he had "never" seen anything like this case. Follow benzinga “From compromised systems integrity and faulty regulatory oversight abroad to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented," Ray wrote in a statement submitted to bankruptcy court in Delaware. Ray also slammed FTX founder Sam Bankman-Fried, who no longer works for the cryptocurrency exchange or its related entities, he explained. “Mr. Bankman-Fried, currently in the Bahamas, contin...