Billionaire investor Bill Ackman, in a tweet that was almost instantly deleted, cryptocurrency exchange FTX’s ex-CEO Sam Bankman offered his “appreciation” to Fried.
He praised his “responsibility” and said that “never before had I seen a CEO take responsibility like he did here”.
FTX CEO Sam Bankman-Fried Thanked Bill Ackman
Bill deleted the tweet within minutes, but Sam Bankman-Fried was quick to tell the said Tweet that he would “keep fighting for the users as best he could”.
Shortly after SBF’s response, many Twitter users started attacking Ackman, which eventually resulted in him hitting the delete key.
This tweet exchange comes just after FTX filed for bankruptcy Friday morning, citing a massive liquidity crunch. SBF took to Twitter to apologize once again for failing to save his company from bankruptcy.
At its peak, SBF had a net worth of over $16 billion, roughly eight times that of Ackman. But the once shining star of the crypto world lost 98% of his fortune in a single day after the collapse of FTX.
The past 96 hours have plunged the crypto markets into a slump, especially after the Binance-FTX event and the subsequent collapse of crypto exchange FTX.
Within days, FTX was plunged into bankruptcy from a $32 billion valuation as liquidity dried up, customers requested withdrawals, and rival exchange Binance terminated its non-binding agreement to acquire the company. Bankman-Fried, founder of FTX, admitted on Thursday that he had “spoiled everything”.
*Not investment advice.
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