SBF: FTX Overleveraged, Bank Runs and Market Crashes Drain Liquidity

SBF tweeted, “A few weeks ago, FTX was processing about $10 billion in transactions and billions of transfers per day. But too much leverage, more than I realized. Bank runs and market crashes drained liquidity .So what can I try to do? Improve liquidity, get the client compensated, and start over." "Maybe I'll fail. Maybe I won't get more for the client than I have. I've definitely failed before, You all know it by now, all too well. But all I can do is try. I’ve failed enough this month. And a part of me thinks I might get something.”