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

Former FTX CEO Sam Bankman-Fried (SBF) has revealed that he desires to begin one other business within the hope of incomes money to repay FTX clients. “I would give anything to be able to do that. And I’m going to try if I can,” he mentioned.

SBF Wants to Start a New Business

Sam Bankman-Fried (SBF), former CEO of the collapsed crypto trade FTX, was requested in an interview with the BBC, revealed Saturday, whether or not he deliberate to begin a brand new business enterprise to earn the money to pay FTX buyers and clients again. The former FTX boss replied:

I would give something to have the opportunity to try this. And I’m going to attempt if I can.

He added: “I’m going to be thinking about how we can help the world and if users haven’t gotten much back, I’m going to be thinking about what I can do for them. And I think at the very least I have a duty to FTX users to do right by them as best as I can.”

FTX filed for chapter on Nov. 11 and an estimated a million clients and buyers lost billions of {dollars} within the trade collapse. However, Bankman-Fried has insisted that he didn’t knowingly commingle buyer funds or commit fraud. SBF instructed the information outlet:

I didn’t knowingly commit fraud, I don’t suppose I dedicated fraud, I didn’t need any of this to occur. I was definitely not almost as competent as I thought I was.

Bankman-Fried was additionally requested whether or not he’s ready for the potential for him going to jail. The former FTX CEO replied:

There’s a while at evening ruminating, sure, however when I stand up throughout the day, I attempt to focus, be as productive as I can and ignore issues which are out of my management.

At least one particular person has mentioned he’ll help SBF once more if he has one other enterprise. Shark Tank star Kevin O’Leary, aka Mr. Wonderful, believes that Bankman-Fried is among the finest merchants within the crypto space. He and hedge fund supervisor Bill Ackman are satisfied that the previous FTX chief didn’t knowingly commit fraud. O’Leary was paid $15 million by FTX to turn into the trade’s spokesperson. The Shark Tank star additionally almost secured $8 billion to save FTX earlier than it collapsed.

On Monday night, the Office of the Attorney General & Ministry of Legal Affairs introduced that Bankman-Fried has been arrested by the Royal Bahamas Police Force after the U.S. filed prison expenses in opposition to him.

What do you concentrate on Sam Bankman-Fried wanting to begin a brand new business enterprise to repay FTX customers? Let us know within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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