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Ethereum World News 2022-11-10 15:28:04

FTX CEO Breaks Silence: I F*cked Up, I’m Sorry, FTX US Users Are Fine

Summary: FTX CEO Sam Bankman-Fried tweeted apologies to FTX users and an update to the crypto community as the crypto exchange sinks deeper into a liquidity crunch and withdrawals remain paused. Withdrawal pressure mounted on the Bahamas-based exchange after Binance CEO Changpeng Zhao announced plans to unwind around $2.1 billion of FTT from its books. SBF’s exchange experienced liquidity constraints and outflows increased drastically despite Sam’s best efforts to downplay insolvency scares. Part of Thursday’s thread claimed that FTX U.S.

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