Wednesday, November 16, 2022 –FTX, giant cryptocurrency exchange platform in the world based in the United States, has collapsed under its own weight.
The owner, billionaire Sam Bankman-Fried, while resigning as the company chief executive officer, regretted instances he had to act slow despite the red alerts.
“I’m really sorry, again, that we ended up here. Hopefully things can find a way to recover
“I was shocked to see things unravel the way they did,” he said.
By early last week, Sam had a $15 billion before FTX meltdown started to drown the King of Crypto therefore leading to a bankruptcy suit.
“I was on the cover of every magazine, and FTX was the darling of Silicon Valley. We got overconfident and careless,” he confessed.
Sadly, this once Silicon Valley empire that started in 2019 seems to be sinking with millions of clients’ investments.
