Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, has expressed regret over his decision to appoint a new CEO during the company's bankruptcy proceedings, calling it his 'single biggest mistake.' He believes this choice ultimately prevented him from salvaging the firm at a critical moment. This revelation sheds light on the internal struggles and decisions that contributed to FTX's downfall, highlighting the challenges faced by leaders in the volatile crypto market.

Sam Bankman-Fried has expressed regret over his decision to hand over control of FTX to its current CEO before the company's bankruptcy. He believes this move was his biggest mistake, which ultimately hindered his ability to save the exchange. This revelation is significant as it sheds light on the internal struggles and decisions that led to the downfall of one of the largest cryptocurrency exchanges, raising questions about leadership and accountability in the crypto industry.