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FTX founder Sam Bankman-Fried's crypto collapse apology
Crypto’s ‘shakeout phase’ will make best companies stronger: Perianna Boring
Bitcoin Foundation chairman Brock Pierce and Chamber of Digital Commerce founder Perianna Boring explain how Sam Bankman-Fried’s FTX cryptocurrency exchange was unexpectedly hit with a mass liquidity crisis on ‘The Claman Countdown.’
With cryptocurrency exchange FTX in free fall, founder and CEO Sam Bankman-Fried is delivering a mea culpa.
"I sincerely apologize," he said in a rapid series of 22 tweets on Thursday. He also promised to continue trying to save the company.
"So, right now, we're spending the week doing everything we can to raise liquidity. I can't make any promises about that. But I'm going to try. And give anything I have to if that will make it work."