Founder of failed crypto exchange FTX apologises to ex-employees
by Alex Hern UK technology editor from Technology | The Guardian on (#664N9)
Sam Bankman-Fried continues to say firm's downfall can be solely explained by misplaced $8bn
The founder of the failed crypto exchange FTX has written to its former employees apologising for his role in its collapse and continuing to insist its downfall can be solely explained by a misplaced $8bn (6.7bn).
In the letter, first published by the industry news site CoinDesk, Sam Bankman-Fried wrote: I deeply regret my oversight failure. In retrospect, I wish that we had done many many things differently ... I'm going to do what I can to make it up to you guys - and to the customers - even if that takes the rest of my life."
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