‘I was one of the world’s greatest fundraisers; now I’m the fallen wreckage of one.’
news reporter on Wednesday, the fallen chief showed defiance, claiming that raising $8 billion to compensate account holders is currently his top priority."I have 2 weeks to raise $8 billion; that's basically all that matters for the rest [of] my life." he wrote, responding to a question about his plans.
The 30-year-old spent the weekend looking for financial commitments that could assist cover some of the $8 billion gap the company is experiencing, according to the Journal.Last week, the executive resigned as CEO of FTX Group after the company filed for Chapter 11 bankruptcy. The demise of FTX was brought on by a massive sell-off of FTT, the company's native bitcoin token, by the competing exchange Binance.Due to a three-day "run" on bitcoin valued at billions of dollars caused by its value falling, FTX experienced a "liquidity crisis" since it lacked the assets necessary to pay out client withdrawals.
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