Bankman-Fried Says He Was Mistaken About FTX’s Leverage Levels
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Former FTX CEO Sam Bankman-Fried says he was mistaken about the cryptocurrency exchange’s leverage levels, thinking it was about $5 billion when it was $13 billion.
In his latest series of tweets explaining how FTX imploded, Bankman-Fried says the company got “overconfident and careless.”