December 5, 2022

Ethereum Reader

The beginning of a great day begins a night before.

Sam Bankman-Fried is ‘deeply sorry’ for collapse in letter to FTX team

Sam Bankman-Fried is 'deeply sorry' for collapse in letter to FTX team
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvN2I3Nzc2MWMtZDMxMC00ZjEwLWJlM2ItYTQzZjZhNGU1OTc4LmpwZw==.jpg"></p><p>The former CEO described his role in the exchange's downfall as a failure in oversight, saying he should have been "more skeptical of large margin positions."</p>

The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.”