November 10, 2022:
Sam Bankman-Fried (SBF) is currently one of the most unpopular people in crypto space. Many investors who trusted him and his exchange FTX do not know if they will ever see their money again.
In order to bring some clarity to the impending bankruptcy of his company, SBF now turned to his followers via Twitter. He writes: “I’m sorry … I screwed up and should have done better.”
And further: “I should have communicated better too”, although he shouldn’t have said much anyway due to the deal with Binance in the room.
While the deeper causes still have to be clarified, according to SBF, one thing is already certain: “I screwed up at a high level. And double it.”
Read the full apology/explanation Twitter.