Crypto billionaire Sam Bankman-Fried blames himself for FTX’s collapse, admits he ‘f—ed up’

FTX’s Sam Bankman-Fried tweeted Thursday morning that he is “sorry,” admitting that he “f—ed up” and “should have done better.” Bankman-Fried also announced that FTX’s sister company, trading firm Alameda Research, is winding down trading. The post comes as the one-time hero of the crypto sector is begging for billions of dollars to stave off bankruptcy. It has been a swift fall from grace for FTX this week. Earlier this year, the exchange was valued at $32 billion, but now, Bankman-Fried is again looking for someone to backstop FTX after rival exchange Binance pulled out of a deal to acquire…