Sam Bankman-Fried: I Hope to Make Money to Pay People Back
Sunday December 11, 2022. 05:34 PM , from Slashdot
'Disgraced crypto boss Sam Bankman-Fried says he hopes to start a new business to make enough money to pay back victims of the FTX collapse,' reports the BBC:
Speaking in a luxury complex in the Bahamas, the former billionaire denies fraud but says he was 'not nearly as competent as I thought I was'.... It is estimated that more than a million FTX users are locked out of their crypto wallets and cannot access their funds.
Mr Bankman-Fried invited the BBC to the residential complex in the Bahamas where he still lives and said he hopes to find a way to pay back FTX users. '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,' he told me.
Asked if he planned to start a new business venture to earn the money to pay investors back, he said: 'I would give anything to be able to do that. And I'm going to try if I can.'
Bankman-Friedman also said that while 'ruminating at night,' he also worries about being arrested.
Read more of this story at Slashdot.
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