“I am Sorry…Should Have Done Better,” How Much Of SBF’s Apology Is Sincere?

In a recent Twitter post, FTX CEO Sam Bankman-Fried issued an apology concerning the ongoing crisis. He stated he should have done better.

In his apology, he admitted that he hadn’t been transparent enough and didn’t communicate duly at the inception of the crisis. However, one Twitter user recalled when the CEO stated FTX was fine, despite the fact that it very much wasn’t, and later deleted the post.

SBF also talked about his “poor internal labeling of bank-related accounts” and maintained he was “substantially” off on his sense of users’ margin.

Replying to this, another user recalled the recent report from the Wall Street Journal highlighting that FTX had lent $10 billion of the $16 billion in customer funds to Alameda research.

SBF divulged that his priority at the moment is doing right by users. Currently, he is…