Crypto Exchange Sam Bankman-Fried cryptocurrency Binance FTX Crypto Exchange Sam Bankman-Fried

Sam Bankman-Fried apologises to FTX staff for his 'irrational decisions'. Read full letter

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Former FTX CEO Sam Bankman-Fried sent an apology letter to his employees in which he blamed his “irrational decisions” on “shi**y” circumstances.In the letter obtained by CNBC, Bankman-Fried said he “froze up in the face of pressure and leaks”.

He also listed out the events that led to the massive liquidity crunch his crypto empire lost investor confidence and customers rapidly withdrew billions of dollars from FTX.Here's the full letter by Sam Bankman-Fried:“Hi all—I feel deeply sorry about what happened.

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