Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter

FTX’s former CEO Sam Bankman-Fried apologized to the crypto exchange’s employees and revealed the amount of leverage in an internal letter. "I froze up in the face of pressure,” Bankman-Fried wrote. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the contents of the letter.

Nov 23, 2022