Sam Bankman-Fried Wants to Start New Business to Repay FTX Users — ‘I’m Going to Try if I Can’

Former FTX CEO Sam Bankman-Fried (SBF) has revealed that helium wants to commencement different concern successful the anticipation of earning wealth to repay FTX customers. “I would springiness thing to beryllium capable to bash that. And I’m going to effort if I can,” helium said.

SBF Wants to Start a New Business

Sam Bankman-Fried (SBF), erstwhile CEO of the collapsed crypto speech FTX, was asked successful an interrogation with the BBC, published Saturday, whether helium planned to commencement a caller concern task to gain the wealth to wage FTX investors and customers back. The erstwhile FTX brag replied:

I would springiness thing to beryllium capable to bash that. And I’m going to effort if I can.

He added: “I’m going to beryllium reasoning astir however we tin assistance the satellite and if users haven’t gotten overmuch back, I’m going to beryllium reasoning astir what I tin bash for them. And I deliberation astatine the precise slightest I person a work to FTX users to bash close by them arsenic champion arsenic I can.”

FTX filed for bankruptcy connected Nov. 11 and an estimated 1 cardinal customers and investors mislaid billions of dollars successful the speech collapse. However, Bankman-Fried has insisted that helium did not knowingly commingle lawsuit funds oregon perpetrate fraud. SBF told the quality outlet:

I didn’t knowingly perpetrate fraud, I don’t deliberation I committed fraud, I didn’t privation immoderate of this to happen. I was surely not astir arsenic competent arsenic I thought I was.

Bankman-Fried was besides asked whether helium is prepared for the anticipation of him going to prison. The erstwhile FTX CEO replied:

There’s immoderate clip astatine nighttime ruminating, yes, but erstwhile I get up during the day, I effort and focus, beryllium arsenic productive arsenic I tin and disregard things that are retired of my control.

At slightest 1 idiosyncratic has said helium will support SBF again if helium has different venture. Shark Tank prima Kevin O’Leary, aka Mr. Wonderful, believes that Bankman-Fried is 1 of the champion traders successful the crypto space. He and hedge money manager Bill Ackman are convinced that the erstwhile FTX main did not knowingly perpetrate fraud. O’Leary was paid $15 million by FTX to go the exchange’s spokesperson. The Shark Tank prima besides nearly secured $8 cardinal to prevention FTX earlier it collapsed.

On Monday evening, the Office of the Attorney General & Ministry of Legal Affairs announced that Bankman-Fried has been arrested by the Royal Bahamas Police Force aft the U.S. filed transgression charges against him.

What bash you deliberation astir Sam Bankman-Fried wanting to commencement a caller concern task to repay FTX users? Let america cognize successful the comments conception below.

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