Crypto Exchange Sam Bankman-Fried Binance cryptocurrency FTX Crypto Exchange Sam Bankman-Fried

Sam Bankman-Fried apologises to FTX staff for his 'irrational decisions'. Read full letter

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moneycontrol.com

Former FTX CEO Sam Bankman-Fried sent an apology letter to his employees in which he blamed his “irrational decisions” on “shi**y” circumstances.In the letter obtained by CNBC, Bankman-Fried said he “froze up in the face of pressure and leaks”.

He also listed out the events that led to the massive liquidity crunch his crypto empire lost investor confidence and customers rapidly withdrew billions of dollars from FTX.Here's the full letter by Sam Bankman-Fried:“Hi all—I feel deeply sorry about what happened.

I regret what happened to all of you. And I regret what happened to customers. You gave everything you could for FTX, and stood by the company—and me.I didn’t mean for any of this to happen, and I would give anything to be able to go back and do things over again.

You were my family. I’ve lost that, and our old home is an empty warehouse of monitors. When I turn around, there’s no one left to talk to.

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