1 year ago
Sam Bankman-Fried (SBF), the erstwhile CEO of the now-collapsed FTX crypto exchange, has said that helium hopes to commencement a caller concern to make funds to wage backmost victims of the company’s collapse.
SBF wants to commencement a caller biz?
To the @BBC: "I’m going to beryllium reasoning astir however we tin assistance the world, and if users haven’t gotten overmuch back, I’m going to beryllium reasoning astir what I tin bash for them." https://t.co/Z8wfy88A1Y
— Unchained Podcast (@Unchained_pod) December 11, 2022
Speaking with the BBC successful the Bahamas, SBF denied immoderate fraud but admitted that helium had been:
“Not astir arsenic competent arsenic I thought I was.”
More than 1 cardinal FTX users are estimated to beryllium locked retired of their crypto wallets and incapable to entree their funds.
When questioned whether helium planned to marque a caller concern to gain the wealth to compensate FTX investors, SBF said:
“I would springiness thing to beryllium capable to bash that. And I’m going to effort if I can.”
Described by bankruptcy lawyers arsenic “one of the astir abrupt and hard collapses successful the past of firm America,” SBF was accused of moving FTX arsenic “his ain idiosyncratic fiefdom.”
Furthermore, it is alleged that SBF’s hedge money company, Alameda Research, was using lawsuit funds from FTX to marque risky bets connected fiscal markets without lawsuit cognition oregon consent.
A erstwhile elder FTX worker claimed that SBF must person been alert of this practice, and accused him of lying successful caller interviews wherever SBF denied cognition of the travel of funds and cryptocurrencies betwixt the companies.
In effect to the erstwhile elder FTX employee’s claim, SBF said:
“No that’s not existent […]I didn’t knowingly perpetrate fraud, I didn’t knowingly perpetrate fraud, I don’t deliberation I committed fraud, I didn’t privation immoderate of this to happen.”
SBF is acceptable to attest astatine a proceeding regarding the collapsed speech earlier the US Senate Banking Committee and faces respective national investigations into his erstwhile company’s handling of funds.
The station SBF plans caller task to repay FTX illness victims, claims ‘did not perpetrate fraud’ appeared archetypal connected CryptoSlate.
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