Smith, in a statement first obtained by Variety on Friday, called his actions during the ceremony 'shocking, painful and inexcusable,.
He added that he would accept any additional consequences issued by the Academy's Board of Governors.
He said: “The list of those I have hurt is long and includes Chris, his family, many of my dear friends and loved ones, all those in attendance, and global audiences at home.
"I betrayed the trust of the Academy. I deprived other nominees and winners of their opportunity to celebrate and be celebrated for their extraordinary work. I am heartbroken," he added.
The actor also acknowledged that slapping Rock during the ceremony caused other award winners to be overshadowed.
"I want to put the focus back on those who deserve attention for their achievements and allow the Academy to get back to the incredible work it does to support creativity and artistry in film."
Will also mentioned about how he is committed to doing the work to ensure he never allows violence to overtake reason.
His resignation comes ahead of a scheduled disciplinary hearing with the Academy's Board of Governors in which he faced suspension, expulsion or other sanctions.
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Via - Daily Mail
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