In one of Sam Bankman-Fried’s first public statements since the collapse of FTX, the CEO of the cryptocurrency exchange once thought too big to fail cried mea culpa.
Bankman-Fried, also known by his initials SBF, gained a reputation just months ago as the crypto world’s white knight as he and his company FTX threw lifelines to companies mired in this year’s Crypto Winter. His company was valued at $32 billion and he was personally worth nearly $16 billion, but now he’s explaining how two mistakes made all that disappear in a matter of days.
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