Bankman-Fried apologizes to FTX investors for lack of communication over Binance deal

FTX CEO Sam Bankman-Fried appeared to apologize to investors over a lack of communication about its financial deal with Binance.

Details of a non-binding agreement for Binance to buy FTX.com are still being hashed out. FTT has been steadily decreasing in the past few days since Binance CEO Changpeng Zhao said he would sell his FTT holdings. FTT is currently trading at $4.76, down 73.97% after 24 hours.