Friday, 24 March, 2023

FTX Founder Issues Public Apology As Company Verges On Collapse

<p>The crypto entrepreneur Sam Bankman-Fried, whose FTX exchange has been in a death spiral this week, tweeted a sincere apology on Thursday. &ldquo;I&rsquo;m sorry. That&rsquo;s the biggest thing. I f**ked up, and should have done better,&rdquo; he said. The creator of FTX continued by saying that Alameda Research, the exchange&#39;s connected hedge fund, would cease trading while FTX concentrated on increasing liquidity, with &quot;every penny&quot; aiding in customers&#39; &amp; investors&#39; financial recovery.</p>