Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse.
SBF wants to start a new biz?
— Unchained Podcast (@Unchained_pod) December 11, 2022
Speaking with the BBC in the Bahamas, SBF denied any fraud but admitted that he had been:
“Not nearly as competent as I thought I was.”
More than one million FTX users are estimated to be locked out of their crypto wallets and unable to access their funds.
When questioned whether he planned to make a new business to earn the money to compensate FTX investors, SBF said:
SBF is set to testify at a hearing regarding the collapsed exchange before the US Senate Banking Committee and faces several federal investigations into his former company’s handling of funds.
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