Former FTX CEO Sam Bankman-Fried says he was mistaken about the cryptocurrency exchange’s leverage levels, thinking it was about $5 billion when it was $13 billion.
(Bloomberg) — Former FTX CEO Sam Bankman-Fried says he was mistaken about the cryptocurrency exchange’s leverage levels, thinking it was about $5 billion when it was $13 billion.
In his latest series of tweets explaining how FTX imploded, Bankman-Fried says the company got “overconfident and careless.”
- NOTE: FTX Latest: Winklevosses’ Gemini Back Online, Lending Arm Halted
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
