Sam Bankman-Fried admits FTX ‘sure should have’ done more to protect customers’ money

Sam Bankman-Fried, the founder of crypto-derivatives exchange FTX, recently admitted that the exchange “sure should have” done more to protect customers’ money during the recent market turbulence. He went on to note that “regardless of how much money investors make or lose, the most important thing is that their money is safe. We didn’t deliver on that as well as we should have… this is an area where we definitely should have done more.” FTX and other crypto exchanges have been criticized for failing to adequately protect customers’ funds during the recent market turmoil. Despite this, Bankman-Fried maintained that “when it comes to customer protection, FTX will continue to strive for the highest standards.”


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