There Is One Last Chance to Save the FTX Crypto Exchange

But that leaves everyone down.

Paulo A. José
Published in
4 min readNov 27, 2022

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Sam Bankman-Fried in an interview during the Bitcoin 2021 conference (This file is licensed under the Creative Commons)

This story of FTX’s collapse is far from over.

Former FTX CEO Sam Bankman-Fried recently sent a letter to his employees explaining the future of the company.

SBF was loved all over the world. Politicians, crypto fans, charities, and large Blockchain corporations, but after the collapse of the platform, this is certainly no longer the case. Even FTX itself is now trying to distance itself from its own founder, SBF.

John Ray, the new CEO of FTX, writes in tweets that FTX, FTX US, and Alemeda Research Ltd no longer have any ties to Bankman-Fried.

In addition, FTX’s new CEO added that SBF’s opinions are his alone and in no way represent the official opinions of the company.

FTX’s tweets are obviously posted to protect themselves legally. Especially after SBF’s leaked conversation in which he spoke negatively about regulators.

I made several mistakes

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