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SBF plans new venture to repay FTX collapse victims, claims ‘did not commit fraud’

SBF plans new venture to repay FTX collapse victims, claims ‘did not commit fraud’

SBF plans to start new business to repay victims after denying fraud but admitting incompetence in FTX scandal.

Sam Bankman-Fried(SBF ), the former CEO of the now-collapsed FTX crypto exchange, has actually said that he intends to start a brand-new business to create funds to pay back victims of the company’s collapse.SBF wishes to start a new biz?To the @BBC:” I’m going to be considering how we can

help the world, and if users have actually

n’t gotten much back, I’m going to be considering what I can do for them. “https://t.co/Z8wfy88A1Y!.?.!— Unchained Podcast(@Unchained_pod)December 11, 2022 Speaking with the BBC in the Bahamas, SBF rejected any scams however confessed that he had actually been:”Not almost as qualified as I thought I was.”More than one million FTX users are approximated to be locked out of their crypto wallets and unable to access their funds.When questioned whether he planned to make a brand-new service to earn the cash to compensate FTX investors, SBF said: