Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022.
Former FTX CEO Sam Bankman-Fried said on Wednesday that the cryptocurrency exchange got "overconfident" and "careless" as it grew into a $32 billion juggernaut.
His comments come days after FTX filed for Chapter 11 bankruptcy protection at the end of a catastrophic week.
In a series of tweets on Wednesday, Bankman-Fried said "problems were brewing" that were "larger than [he] realized."
The FTX founder said the company's assets were "fine" two days before he was desperate for a rescue because of a liquidity crunch.