NewsletterThis Famous Billionaire Investor Defends FTX’s SBF, Deletes Tweet Instantly
In an almost instantly deleted tweet, billionaire investor Bill Ackman “gave credit” to former CEO Sam Bankman Fried of now-bankrupt crypto exchange FTX. He lauded for his “accountability,” and said that he had “never before seen a CEO take responsibility as he does here.”
Bill deleted the tweet in minutes — but Sam Bankman-Fried was quick enough to reply that he’s going to “keep fighting, as best as he can, for users.” Not long after SBF’s reply, many Twitteratis started attacking Ackman, which finally made him hit the delete button.
FTX Exchange Files For Bankruptcy
This exchange of tweets comes right after FTX filed for bankruptcy on Friday morning, citing a massive liquidity crunch. SBF took to Twitter to apologize, once again, for not being able to save his company from getting insolvent.
1) Hi all:
Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.
— SBF (@SBF_FTX) November 11, 2022
Read More: SBF Resigns, John Ray III Joins As New FTX CEO
At his peak, SBF had a net worth of over $16 billion, nearly eight times that of Ackman. But crypto’s once shining star, lost 98% of his wealth in a single day, following the demise of FTX.
The past 96 hours have sent the crypto markets into a frenzy, especially after the Binance-FTX saga and then the eventual collapse of the crypto exchange FTX.
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