FTX Contagion Worries
SBF apologized to FTX customers and investors in a Twitter thread earlier, but can people recover their money?
Welcome to The Daily Forkast – November 11, 2022 – presented by Joel Flynn.
Sam Bankman-Fried has apologized to FTX customers multiple times in a Twitter thread, admitting to making mistakes especially with overleveraging client funds. But as the situation continues to develop, it’s becoming increasingly likely that any sort of rescue won’t ensure everyone gets their money back.
We’ll have more on this story in this episode.