SBF: Leverage was higher than expected, and bank runs and market crashes drained liquidity

ChainCatcher message, SBF posted on social media: "A few weeks ago, FTX was processing about $10 billion in trading volume and billions of transfers every day. But the leverage was far higher than expected, and the bank run and market crash drained liquidity. So what can I try to do? Increase liquidity, try to make up for customers, and then restart."

He also stated, "Maybe I will fail, maybe I won't be able to do anything. I have indeed failed before, and you all understand the situation clearly. But all I can do is try. I have failed enough this month, but deep down I still believe I can do something." (source link)