SBF's internal letter to FTX employees: I am willing to pay any price to be able to go back to work

ChainCatcher news, according to CoinDesk, SBF sent an open letter to FTX employees via the Slack internal sharing account on Tuesday. In the letter, SBF stated, "Faced with pressure and leaks and Binance's (intention to purchase FTX), I was stunned and said nothing," but "it was not intentional for all this to happen, I would pay any price to be able to go back and do things again. You are my family."

SBF explained that FTX had about $60 billion in collateral and $2 billion in liabilities this spring, but the market crash halved the value of the collateral, and the "depletion" of industry credit reduced the collateral value to $25 billion. The market's subsequent crash in November caused the collateral value to drop by another $8 billion in a very short time. At that time, the collateral was valued at $17 billion.

SBF stated that due to "immense coordination pressure," he reluctantly agreed to FTX's bankruptcy filing. However, "there may still be a chance to save the company, but I cannot guarantee that anything will happen because it is not my choice." (CoinDesk)