SBF Wishes To Create A Company, Formally Added As Hearing Witness

blockchain.news:

The former CEO of FTX has shown interest in launching a new company in order to satisfy all of the company's debtors, who number over one million and are owed up to fifty billion dollars.

Bankman-Fried has indicated that he would be open to the idea of launching a new business with the purpose of compensating the clients who are owed money by him.

Also, I'm going to give it a go and see if I can, «During an interview that took place on December 10 with the BBC, Bankman-Fried was asked whether he would establish a new firm in order to repay the investors in FTX.

»I'm going to be thinking about how we can assist the world, and if users haven't received much back, I'm going to be thinking about what I can do for them," he continued. «If we haven't gotten much back, I'm going to be thinking about how we can help the globe.» I believe that at the very least I have a responsibility to FTX users to do what is right for them to the best of my ability. According to the bankruptcy documents made on November 14, Bankman–exchange Fried's may have «more than 1 million creditors,» and estimates on how much money FTX may have lost vary from $10 billion to $50 billion.

In keeping with claims made previously by Bankman-Fried on his so-called apology tour of the media, he said once again that he: «Did not intentionally engage in fraudulent activity.

I don't believe that I committed any kind of deception.»

Additionally, he said that he «was by no means even close to being as capable as I had imagined I was.

Following several days of back-and-forth between Representative Maxine Waters of the United States House of Representatives and Bankman-Fried, the founder of FTX has finally been officially confirmed as a witness for the hearing that