› 2, 2022, CoinDesk published a single document: the balance sheet of Alameda Research, Sam Bankman-Fried's trading fund.
› Nine days later, the crypto exchange FTX, valued at $32 billion in January, filed for bankruptcy.
› The company's new CEO, who had earlier cleaned up after Enron, told the court he had never seen such a complete failure of corporate controls in his career.
› This is the most extreme case in this series, which is exactly why it is worth knowing: it shows what is left of a company when nobody sits above the CEO.