After 2 days of silence, Sam Bankman-Fried, the CEO of FTX, wrote a long thread claiming that he “screwed up” and that he was responsible for the various events that led up to this. He ensures that user safety remains his priority and he confirms that a fundraiser is trying to be organized for next week.
Sam Bankman-Fried speaks out after several tumultuous days
” I am sorry. This is the most important thing. I screwed up, and I should have done better. » : it is in these words that Sam Bankman-Fried decided to break the ice.
2 days after his last tweet dated November 8 reporting a potential takeover of FTX by Binance (he has since clarified that he suspected that Binance did not intend to go through with the transaction), “SBF” decided of provide an update on the situation in a long thread on Twitterrepeatedly emphasizing his apologies and his sincerity.
Although he starts his thread by confessing that he should have communicated more about the situationthe CEO of FTX, however, revealed that he had “ hands tied during the period of the probable takeover of his platform and that he was not able to give any information on this subject at that time.
Confirming information that was already circulating, Sam Bankman-Fried announces that FTX.US, the American branch of the exchange, continues to operate normally. He also asserts that users of the latter run no risk.
Concerning the funds deposited on the exchange, SBF does not reveal that no less than $5 billion was withdrawn from FTX on Sunday alonei.e. the quantity of simultaneous withdrawals “ by far the most important “.
👉 Follow FTX news in real time on our newsfeed
Join Experts and a Premium Community
PRO
Invest in your crypto knowledge for the next bullrun
Users remain a priority for FTX
While we have very recently learned that Alameda Research, the investment company of FTXhad previously been financially saved by the funds of various users diverted by the exchange, Sam Bankman-Fried assures that users remain his priority.
9) Anyway: right now, my #1 priority–by far–is doing right by users.
And I’m going to do everything I can to do that. To take responsibility, and do what I can.
— SBF (@SBF_FTX) November 10, 2022
“Anyway, now my first priority – by far – is to make things right for users. And I will do my best to achieve this. Take responsibility, and do what I can. »
It also confirms what we revealed to you this afternoon, namely that a fundraiser would be organized next week to gather liquidity so that platform customers can withdraw their funds.
“I can’t promise anything about it. But I will try. And give all I have to give if that can make it work. »
Further, SBF ensures that the various investors and employees of the company are in no way responsible for the chaos of recent days, and that he alone, as CEO, must take responsibility for the events.
Finally and without quoting him directly, FTX founder winks at Binance CEO Changpeng Zhaoalthough soberly:
“Well done, you won. »
👉 Keep your cryptocurrency safe with the Ledger Nano X
The French unicorn of crypto wallets 🔒
A complete crypto experience, from buying to securing
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
456 items
