FTX Declared Bankruptcy Because Of SBF's Unfortunate Statement

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Former FTX CEO Sam Bankman-Fried revealed a series of messages to Vox earlier today, which he addressed a variety of topics including regulators, ethics, and bankruptcy. FTX, which was one of the world's most prominent crypto exchanges before it went bankrupt, ignited a firestorm of public discourse in tech.

We pretend that perception equals reality, but it doesn't,” SBF said in a Twitter exchange with reporter Kelsey Piper. SBF despises regulators, saying that they “make everything worse” and that “they don’t care about customers at all.” In the published screenshots, he indicated that regulators “make everything worse” and “don’t protect customers at all.”

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