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Here’s the apology letter Sam Bankman-Fried sent to FTX employees
FTX’s ex-CEO Sam Bankman-Fried blamed his “irrational decisions” on “sh---y” circumstances in a letter obtained by CNBC that was sent to employees of the bankrupt crypto exchange. Bankman-Fried said he “froze up in the face of pressure and leaks” as his crypto empire quickly lost investor confidence and customers rapidly withdrew billions of dollars from the platform. “I lost track of the most important things in the commotion of company growth. I care deeply about you all, and you were my family, and I’m sorry,” continued the letter. “It’s too little too late,” a current FTX employee told ... (full story)