‘I f***ed up’: Crypto boss behind $200 billion crash apologises

Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing on Capitol Hill in Washington, DC, on 9 February, 2022 (AFP via Getty Images)

The boss of a beleagured cryptocurrency exchange has apologised for his part in causing a crypto crash that has so far wiped roughly $200 billion from the market.

FTX founder Sam Bankman-Fried took the blame for financial irregularities at the exchange, which until recently was the third largest in the world by trading volume.

“I‘m sorry. That’s the biggest thing. I fucked up, and should have done better,” Mr Bankman-Fried wrote on Twitter on Thursday.