Binance backed out of its deal to acquire FTX.com and the floundering crypto exchange's CEO took to Twitter to repeatedly say 'sorry' and 'I fucked up.'
. In the post he acknowledged that he “should have done better,” and outlined a series of mistakes he alleges to have made including underestimating FTX users’ margins, overestimating cash availability, and not being transparent enough.These lightsabers powered by Neopixels, LED strips that run inside the blade shape that allow for adjustable colors, interactive sounds, and changing animation effects when dueling.“Right now, my #1 priority—by far—is doing right by users,” he claimed.
To do so, SBF is continuing his attempt to court Wall Street, blockchain, and venture capital big wigs to contribute rescue funds. “There are a number of players who we are in talks with, LOIs, term sheets, etc. We’ll see how that ends up,” the CEO tweeted. Some of the entities FTX is reportedly in discussions with are stablecoin platform Tether, crypto exchange OKC, and crypto founder Justin Sun,
Reuters. In the internal memo cited by the outlet, Bankman-Fried wrote that he didn’t want to “imply anything about the odds of success.”Just a couple of weeks ago, FTX was the third largest cryptocurrency exchange. But a series of mistakes made months ago finally caught up to the firm. In addition to FTX, Bankman-Fried is also the CEO of Alameda Research, a trading firm deeply intertwined with the exchange.
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