Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday.
“You have to give @SBF_FTX credit for his accountability here. I don’t know any of the facts, but I have never before seen a CEO take responsibility as he does here,” the Tweet said. “It reflects well on him and the possibility of a more favorable outcome for @FTX_Official,” it continued.
Bankman-Fried apologized several times this week for the demise of FTX which suffered severe liquidity issues and filed for bankruptcy Friday morning. Bankman-Fried’s net worth dropped from $16 billion from the start of the week to $0 by Friday.
See: ‘I f—d up’: Sam Bankman-Fried takes blame for liquidity issues at FTX
See also: Sam Bankman-Fried resigns as CEO of FTX as cryptocurrency exchange files for Chapter 11 U.S. bankruptcy
The backlash online to the tweet was swift enough that Ackman deleted the tweet, and instead tweeted out that “The problem with @Twitter is that it is too easy to tweet. The good news is that you can recall the missile before it causes too much collateral damage.”