Bankman-Fried Says Collateral Crashed by $51 Billion as FTX Fell

Bankman-Fried Says Collateral Crashed by $51 Billion as FTX Fell

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(Bloomberg) -- Sam Bankman-Fried, disgraced founder of the now collapsed crypto exchange FTX and trading house Alameda Research, apologized to staff in a letter that outlined a crash in “collateral” to $9 billion from $60 billion. Most Read from Bloomberg “I didn’t mean for any of this to happen,…

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