FTX's Current CEO Blasts Bankman-Fried on Capitol Hill

The transcript discusses the FTX bankruptcy, highlighting CEO John Ray's concerns about the paperless nature of the process and the lack of trust in the paper trail. It covers the potential for significant investor losses, regulatory questions, and the challenges of asset recovery. The contagion effect on other exchanges, particularly Binance, is examined, along with customer fears and stable coin issues. The Congressional hearing's focus on past events and frustration over the absence of Sam Bankman-Fried's testimony are also noted.

What were some of the uses of funds mentioned in the SEC complaint regarding FTX?

What frustrations were expressed by the committee members during the hearing?