Staff Used Self-Deleting Messages to Discuss Decisions
FTX kept very few records of internal communications, according to the bankruptcy filing. Thus, the paper trail that would’ve helped explain what the company was doing and why is quite thin. Instead, most of the employees appear to have communicated via chat applications that were programmed to auto-delete. Ray writes:
One of the most pervasive failures of the FTX.com business in particular is the absence of lasting records of decision-making. Mr. Bankman-Fried often communicated by using applications that were set to auto-delete after a short period of time, and encouraged employees to do the same…
Not sketchy at all!
