FTX’s restructuring CEO has issued his first status report, detailing the steps taken to untangle the crypto exchange’s assets in a document as critical of FTX’s former management as the statement he made at the outset of the Chapter 11 process.

The report, filed Sunday by John J. Ray III, who took over as CEO when FTX filed for bankruptcy in November, lists for 39 pages each of FTX’s internal shortcomings identified in the past five months, from sloppy accounting to leaving hundreds of millions of dollars in easily accessible storage.

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