SBF sends letter to employees: “Once had a chance to save FTX”

- Advertisement -


SBF claims investors have been waiting to pour billions of dollars.

On November 23, financial journalist Liz Hoffman shared a letter that SBF sent to company employees.

- Advertisement -

In it, he detailed the dire condition of the collateral and the liability that FTX had.

In addition to the usual apologies, he said there was a chance to save the company.

Former Crypto Billionaire Says FTX Could Still Be Valuable. UK declares that investors are ready pour billions of dollars at the time of bankruptcy declaration.

“We could have raised substantial funds; billions of dollars in funding came about eight minutes after I signed the Chapter 11 document.”

He added that from these funds, remaining collateral and interest from other parties, “We could have returned great value to our customers and saved FTX.”

However, he added that everything now out of reach his.

On November 23, Reuters revealed the real estate purchases of parents and senior SBF executives.

Theo article, they bought at least 19 properties worth about 120 million USD in the Bahamas for the past two years.

See more:

5/5 - (1 votes)
- Advertisement -


Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

Alameda withdraws $204 million from FTX US a few days before the exchange crash

Alameda Research reportedly withdrew the most funds from FTX US, days before the crypto exchange filed...

FTX faces criminal and civil investigation in Bahamas

The Minister of Justice revealed that there is an ongoing criminal and civil investigation into FTX.General...

Binance has 582,485 bitcoins in reserve

Binance launched proof-of-reserves system, before the crash of FTX.Binance launched proof-of-reserves, starting with bitcoin, to prove...

Cryptocurrency exchange Bitget recruiting 400 new employees to expand into Africa

Bitget is growing where other competitors are dying. The exchange is increasing its staff by 50% to...

Binance CEO believes the market will recover in 2023

After a tumultuous 2022, Binance CEO Changpeng Zhao (CZ) believes that the crypto market in 2023 will be very...

Related posts

- Advertisement -