SBF’s latest effort to try to save face has him saying he would spin up a new business to repay the billions owed to users of his bankrupt exchange. Meanwhile, he’s been confirmed as a witness for a House hearing on FTX’s collapse.
The founder and former CEO of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, said he’d be interested in forming a new venture aimed at paying back the customers he owes money to.
"I would give anything to be able to do that. And I'm going to try if I can," Bankman-Fried responded when asked if he’d start a new business to repay FTX investors in a Dec. 10"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,” he added. “I think at the very least I have a duty to FTX users to do right by them as best as I can.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBF tried to destabilize crypto market to save FTX: ReportMessages in a Signal group chat reveal what happened one day before FTX filed for bankruptcy.
Read more »
SBF 'didn't like' decentralized Bitcoin — ARK Invest CEO Cathie WoodBitcoin is too “decentralized and transparent” for former Sam Bankman-Fried, says Cathie Wood.
Read more »
FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
Read more »
US prosecutors are reportedly investigating FTX founder Sam Bankman-Fried for fraud | EngadgetIn a recent meeting between FTX, federal prosecutors and FBI agents, Justice Department officials asked for documents from the crypto exchange..
Read more »
FTX Co-Founder Sam Bankman-Fried Agrees to Testify Before US Congress – Regulation Bitcoin NewsSam Bankman-Fried (SBF), former CEO of collapsed crypto exchange FTX, has agreed to testify at a congressional hearing next week.
Read more »