FTX CEO Sam Bankman-Fried recently admitted that the company should have done more to protect customers’ money in volatile markets last month. He said the company failed to hedge against extreme price swings and suffered significant losses as a result. Bankman-Fried acknowledged that the company failed to anticipate market conditions and made mistakes in handling customer funds. He also suggested that in the future, the company should look for ways to better protect itself from market turmoil and its customers’ funds.
Sam Bankman-Fried admits FTX ‘sure should have’ done more to protect customers’ money
