They never learn.
They never learn.
Posted on 12/12/2022 8:40:50 AM PST by Red Badger
FTX founder Sam Bankman-Fried has revealed plans to start a new business venture just weeks after his cryptocurrency exchange spectacularly collapsed.
In an interview with the BBC published on Saturday, the 30-year-old—who is facing a number of civil lawsuits brought against both him and his failed company—said he would “give anything” to be able to set up a new business in an effort to pay back investors.
“I would give anything to be able to do that. And I’m going to try if I can,” Bankman-Fried said when asked if he planned to launch a new company to recoup the losses by FTX and pay back investors and users who have lost millions.
“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 said. “And I think at the very least, I have a duty to FTX users to do right by them as best as I can.”
FTX was once valued at $32 billion after raising $400 million from investors before it collapsed in November amid a liquidity crisis worsened further by larger rival Binance deciding to pull out of a potential rescue deal.
Traders soon pulled billions from the platform and the company ultimately filed for Chapter 11 bankruptcy on Nov. 11. Millions of FTX users have been left unable to access their crypto wallets.
Bankman-Fried to Testify Before Congress Questions have been raised regarding the roughly $1 billion of customer funds that appear to have vanished from the failed crypto exchange. Meanwhile, Bankman-Fried claims to have just $100,000 left in his bank account and denies having “hidden funds” anywhere.
On Friday, Bankman-Fried confirmed that he will testify before the U.S. Senate Banking Committee on Tuesday amid multiple probes into FTX’s collapse as well as that of its sister hedge fund, Alameda Research.
However, the former billionaire claimed he does not have access to much of his professional or personal data, and therefore “there is a limit to what I will be able to say, and I won’t be as helpful as I’d like.”
Speaking to the BBC from a luxury apartment in the Bahamas owned by FTX, Bankman-Fried was asked whether he was prepared for the possibility of being arrested, to which he replied, “There’s some time at night ruminating, yes, but when I get up during the day, I try and focus, be as productive as I can and ignore things that are out of my control.”
However, the crypto firm founder doubled down on comments he made during the New York Times DealBook Summit on Nov. 30, in which he denied having committed any fraud at FTX.
Financial regulators and authorities in both the United States and the Bahamas are currently investigating the collapse of the company.
Where is the DOJ in all of these?
This guy is the Lee Harvey Oswald of crypto. He killed it but really has no idea or motive why. His masters within the beltway are scrambling for a new pathway, blackrock will provide.
The business of a prison wife.
Who plays Jack Ruby in this redux?
Frantically trying to figure out how to silence this guy...............
Running a business from prison is difficult, but go for it......
Maybe he can become a Nigerian prince
Epstein’s Island is looking for a new manager. Maybe a Millennial investment guru is just what it needs to start turning a profit, again. :)
The Mafia didn’t have a problem........
If I was him my concern would be watching for a hit man hired by an irate investor who lost millions or billions and know they will never get it back.
He's paid off enough people he won't be going anywhere.
They never learn.
They never learn.
Well, at this point everyone should know that the one place that justice for this guy WILL NOT be coming from is the government.
Running interference for him
The entire Rat party is terrified he’ll talk
The alphabet agencies will get him first...................
Where is the DOJ in all of these?
Probably one of the people/groups he Bribed
Why is he not under indictment? Why is anyone else that is serving time for the same type offense still serving time?
Oh thats right. We have a criminal mob running America. As long as you say Yessir to the mob and all their satanic crap, you get a free pass.
He died of a heart attack on July 5, 2006, before he was to be sentenced............odd....................
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