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 interview with the BBC.
“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.”
In line with previous statements by Bankman-Fried on his so-called media apology tour, he again said he: “Didn’t knowingly commit fraud. I don’t think I committed fraud.”
He further claimed he “was certainly not nearly as competent as I thought I was.”
SBF added as witness in US House Committee hearing
After days of back and forth between United States House Representative Maxine Waters and Bankman-Fried, the FTX founder is now officially confirmed as a witness for the Dec. 13 hearing with the House Committee on Financial Services.
A Dec. 7 letter addressed Bankman-Fried from Committee Chair Sherrod Brown warned he is prepared “to issue a subpoena to compel your testimony.”
A statement on Dec. 9 from Brown and Senator Pat Toomey noted Bankman-Fried did not respond to the deadline and the Committee “will continue to work on having him appear before Congress.”
The post SBF wants to start a new business, officially added as hearing witness appeared first on Crypto Breaking News.
- @ December 12, 2022 2:49 am