FTX founder Sam Bankman-Fried aka SBF is carrying on with his weird tweets that started two days back. In his recent tweet SBF accepts he got carried ahead with all fame and glory leading to his overconfidence. Meanwhile, US congress has announced to hold a hearing on FTX collapse including Binance and others.
SBF blames High leverage as reason for FTX collapse
FTX crisis has exposed the whole crypto industry and many companies are facing serious finance problems. Meanwhile, SBF has continued with his twitter thread and he today explained his reasoning behind FTX crisis. SBF says that he was wrong about the leverage which he calculated were $5 billion. He cites $13 billion leverage and FTT token price crash as ultimate reasons for FTX demise.
Meanwhile, crypto community is not convinced with his justifications and continues to demand strong legal actions against SBF. One of the twitter users accused SBF of stealing users funds. Crypto community believes user funds at FTX exchange were
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