BookWatch: FTX whistleblower was unusual. Most witnesses are too afraid to speak up.


Final Updated: Sept. 19, 2023 at 4:12 p.m. ET

First Published: Sept. 18, 2023 at 5:16 p.m. ET

Research shows that 82% of whistleblowers had been careworn after making allegations in opposition to an organization, and 60% misplaced their jobs

The emblem of cryptocurrency change FTX, mirrored in an image of its worn chief executive Samuel Bankman-Fried.

Agence France-Presse/Getty Photography

Within the years main up to the eventual collapse of the cryptocurrency change FTX, insiders blew the whistle in regards to the corporate’s severe governance and regulatory points. The flouting of internal sustain watch over necessities and commingling of client funds was so evident that several witnesses felt compelled to dispute one thing. 

That’s precisely why whistleblowing approved pointers and company whistleblowing applications exist. Had the whistleblowers’ concerns been approached with due consideration and rigor, they would maybe comprise unveiled extensive corporate…

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