I am still super confused why there was apparently no due diligence by the EA leadership, assuming there is such a thing. At least Enron and MtGoX had no one to oversee them.
Enron was overseen by Arthur Andersen and audited by them.
EA leadership did not have a good way to audit FTX to find out that they have owned user funds to Almeda.
Arthur Andersen, who’s a team of professional analysts who actually has access to the books, seems to me a lot more guilty for failing oversight than people at CEA or other EA orgs.
Enron was overseen by Arthur Andersen and audited by them.
EA leadership did not have a good way to audit FTX to find out that they have owned user funds to Almeda.
Arthur Andersen, who’s a team of professional analysts who actually has access to the books, seems to me a lot more guilty for failing oversight than people at CEA or other EA orgs.