After Official Bankruptcy FTX Founder Sam Bankman-Fried Speaks: Here are the Details!

Cryptocurrency After the official bankruptcy of the stock exchange FTX, the founder and former CEO of the stock exchange, Sam Bankman-Fried, made striking statements on Twitter.

FTX CEO Sam Bankman-Fried: “I’m So Sorry”

The statements shared by Bankman-Fried are as follows:

“Hello everyone:

I filed FTX, FTX US and Alameda today for voluntary Chapter 11 proceedings in the USA.

I’m so sorry again for coming here.

I hope things can find a way to improve. I hope this process can bring some transparency, trust and order to companies.

Ultimately, I hope it will be better for customers.”

1) Hi all:

Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.

— SBF (@SBF_FTX) November 11, 2022

Sam Bankman-Fried said that this bankruptcy process may not mean the end for the companies in question and stated that he trusts the new CEO, John Ray III:

“This does not necessarily mean the end of companies or their ability to provide value and funds to their customers and can be aligned in other ways.

Ultimately, I am optimistic that Mr. Ray and others can help provide the best.

I’ll work as soon as possible to clarify for the user how we stand on recovery.

I’m trying to piece together all the details, but I was shocked to see things unfold as they did earlier this week.

I’ll be writing a more comprehensive post on how things unfolded soon, but I want to make sure I’m doing it right.”

It was understood that FTX TR and FTX US were also involved in this process of the company, which had recently filed for bankruptcy.

*Not investment advice.