Introduction

The second report of John Jay Ray III and his FTX restructuring team, known further as The Dettors, was released on June 26. It recasts many statements made by executives like Caroline Ellison and especially by FTX CEO and co-founder San Bachman-Fried himself in the following weeks and months. Report claims that FTX executives were aware as early as August 2022 that the exchange was missing more than $8 billion in customer funds.