Sam Bankman-Fried (SBF), the previous CEO of the now-collapsed FTX crypto trade, has mentioned that he hopes to start out a brand new enterprise to generate funds to pay again victims of the corporate’s collapse.
SBF desires to start out a brand new biz?
To the @BBC: "I’m going to be fascinated with how we may also help the world, and if customers haven’t gotten a lot again, I’m going to be fascinated with what I can do for them." https://t.co/Z8wfy88A1Y
— Unchained Podcast (@Unchained_pod) December 11, 2022
Talking with the BBC within the Bahamas, SBF denied any fraud however admitted that he had been:
“Not almost as competent as I believed I used to be.”
A couple of million FTX customers are estimated to be locked out of their crypto wallets and unable to entry their funds.
When questioned whether or not he deliberate to make a brand new enterprise to earn the cash to compensate FTX buyers, SBF mentioned:
SBF is about to testify at a listening to relating to the collapsed trade earlier than the US Senate Banking Committee and faces a number of federal investigations into his former firm’s dealing with of funds.
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