Technology
Crypto billionaire Sam Bankman-Fried blames himself for FTX’s collapse, admits he ‘f—ed up’
FTX’s Sam Bankman-Fried tweeted Thursday morning that he is “sorry,” admitting that he “f—ed up” and “should have done better.” The post comes as the one-time hero of the crypto sector is begging for billions of dollars to stave off bankruptcy.
“I also should have been communicating more very recently,” wrote Bankman-Fried. “Transparently–my hands were tied during the duration of the possible Binance deal; I wasn’t particularly allowed to say much publicly. But of course it’s on me that we ended up there in the first place.”
The FTX CEO also provided the latest on where things stand with his beleaguered crypto exchange.
This is a developing story. Please check back for updates.
