24/7 Cryptocurrency News

This Famous Billionaire Investor Defends FTX’s SBF, Deletes Tweet Instantly

In a now-deleted tweet, renowned short-seller Bill Ackman defended former FTX CEO Sam Bankman-Fried's leadership & lauded him for his accountability.
Published by
This 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.

Advertisement

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.

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.

Share
Pratik Bhuyan

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025