US EditionBankman-Fried Says His Biggest Mistake Was Handing FTX to New CEO Before Bankruptcy
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FTX founder Sam Bankman-Fried explains that the handover prevented him from saving the crypto exchange at the last minute. Source: BTC-ECHO BTC-ECHO
FTX’s Sam Bankman-Fried Calls Handing Firm Over To New CEO 'His Biggest Mistake' — Details
Sam Bankman-Fried, founder and former CEO of the now-defunct cryptocurrency exchange FTX, tagged the decision to hand over the firm to a new leader during the bankruptcy saga his “single biggest mistake.” According to the former crypto executive, this move deterred him from saving the company from collapsing at the last minute. ‘I Could Have Saved FTX From Bankruptcy’ – SBF In a recent interview with non-profit American magazine Mother Jones, Ba…
Three years after FTX's debacle, Sam Bankman-Fried broke silence again from his cell. The deposed ex-billionaire, convicted of mass fraud, gave an unexpected admission. His biggest mistake, according to him, was not the risky management of the funds... but having entrusted the reins of FTX to John Ray III, just before the bankruptcy. A choice that he considers today to be the point of no return in the collapse of his crypto empire. The article C…
The Multi-Billion Dollar Mistake: SBF's Final FTX Handoff That Locked Out a Rescue News ETHNews
Sam Bankman-Fried cites transferring FTX control as his worst mistake, blocking a potential last-minute bailout investment. FTX users are receiving repayments, with the estate returning $7.8 billion so far from recovered assets. Sam Bankman-Fried now resides in a federal prison. He recently spoke about a specific choice he made while leading FTX. He identified his decision to transfer authority of the company to John J. Ray III as his most sever…
SBF Says Giving Up Control Of FTX Cost Him Chance To Save Exchange - FinanceFeeds
Sam Bankman-Fried says his “biggest mistake” during the collapse of FTX wasn’t mismanaging billions in customer funds — it was giving up control of the company just hours before a potential lifeline appeared. In an interview with Mother Jones published Friday, the disgraced founder of the once-$32 billion crypto exchange said handing over FTX to bankruptcy specialist John J. Ray III on November 11, 2022, cost him a last-minute deal that might ha…
The FTX Founder, sentenced to 25 years in prison, claims that the transfer of control to John J. Ray III has closed her last chance of saving the company. While thousands of investors are still waiting for rescues, the story of the FTX collapsus continues to emerge from the main details. Sam Bankman-Fried, known as SBF, spoke in a recent interview [...]
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