During a Dec. 10 interview with BBC, Sam Bankman-Fried, the founder and former CEO of now-bankrupt cryptocurrency exchange FTX, declared his commitment to repaying customers he owes money to.
When asked if he would start a new venture to do so, he replied, “I would give anything to be able to do that. And I’m going to try if I can.
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. I think at the very least I have a duty to FTX users to do right by them as best as I can.”
Bankruptcy filings from Nov. 14 suggest that Bankman-Fried’s exchange has ‘over one million creditors’. Estimates of the amount of money FTX may have lost range from $10 billion to $50 billion.
During his apology tour, Bankman-Fried stated he “did not intentionally commit fraud” and that he “was not as competent as I had thought.”
After days of debate between US House Representative Maxine Waters and Bankman-Fried, the founder of FTX, the latter has been officially confirmed to be a witness for the upcoming House Committee on Financial Services hearing on December 13, titled “Investigating the Collapse of FTX, Part I.”
This was made public on December 11, with John Ray, the new CEO of FTX, having already been added to the list of witnesses on December 9.