Nearly two weeks after FTX’s bankruptcy declaration, the former CEO Sam Bankman-Fried (SBF) has compiled another letter to the employees of the now-defunct crypto exchange. Bankman-Fried apologized for failing to ensure “the right things happened at FTX” as the chief executive officer.
Although SBF took the blame for failing to communicate properly to employees when things broke down in FTX, he failed to address the ever-ranging concerns about user funds misappropriation that happened at the company. For the most part, Bankman-Fried pinned FTX fallout to the crypto market crash, in what he said is “a better description of what happened” to the exchange.
Source: https://www.cryptopolitan.com/decoding-sbfs-letter-to-ftx-employees/