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Bankman-Fried Apologizes, Says FTX Has More Assets than Client Deposits

FTX CEO Sam Bankman-Fried apologized on Twitter after his crypto exchange collapsed.

FTX CEO Sam Bankman-Fried apologized for the collapse of his crypto exchange, saying he is “sorry” and that he “fucked up.”

“I'm sorry. That's the biggest thing,” Bankman-Fried said in a tweet. “I fucked up, and should have done better.”

FTX collapsed this week after a run on its utility token. Binance, a rival exchange, backed out of a deal to bail out the beleaguered company on Wednesday.

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