Former FTX CEO Sam Bankman-Fried (SBF) revealed that he wants to start another business in hopes of making money to pay back FTX customers. I’ll try what I can,” he said.
SBF wants to start a new business
Sam Bankman-Fried (SBF), former CEO of collapsed cryptocurrency exchange FTX, announced Saturday that the BBC and , was asked if he was planning to start a new business venture to make money to pay back FTX investors and customers. A former FTX boss replied:
I would do anything to make it possible. And I’ll do what I can.
He added: they. At the very least, I think we have an obligation to FTX users to do the best we can.
FTX filed for bankruptcy on Nov. 11, with an estimated 1 million customers and investors losing billions in the exchange’s collapse. Bankman-Fried, however, maintains that it did not knowingly mix up customer funds or commit fraud. SBF told the press:
I did not commit fraud on purpose. I don’t think I cheated. I certainly wasn’t as competent as I thought I was.
Bankman-Fried was also asked if he was prepared for the possibility of going to jail. Former FTX CEO Answer:
I have some time to ruminate at night, but when I wake up during the day I try to focus and try to be as productive as possible and what’s off is ignored. of my control.
At least one of them said he would support SBF again if he did another business. Shark Tank star Kevin O’Leary, aka Mr. Wonderful, believes Bankman Freed is one of the best traders in the crypto space. He and hedge fund manager Bill Ackman are confident the former FTX chief didn’t commit fraud on purpose, and O’Leary said he’s taken $1,500 from FTX to become a spokesperson for the exchange. million dollars was paid. The Shark Tank star has secured nearly $8 billion to save FTX before it collapses. After filing a complaint, Bankman-Fried announced that he had been arrested by the Royal Bahamian Police.
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