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Sam Bankman-Fried Says FTX Is Overly Leveraged More Than He Realized

Former FTX CEO Sam Bankman-Fried continues to talk about his old exchange in a recent series of tweets.

Sam Bankman-Fried Says FTX Is Overly Leveraged More Than He Realized 2

Sam Bankman-Fried claimed that “too much leverage” and a run on the bank’s scenario were to blame for FTX’s demise in the most recent updates.

He also commented that his fundraising attempt would probably fail, and all he had to do was try.

The exchange that collapsed last week has been locked down in many parts of the world, its subsidiaries are having a hard time with the authorities. Sam Bankman-Fried is also being targeted by lawmakers in the US.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.