Sam Bankman-Fried: I Hope to Make Money to Pay People Back

Dec 12,2022
KingData News: 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." Asked whether he was fraudulent or incompetent, he replied: "I didn't knowingly commit fraud, I don't think I committed fraud, I didn't want any of this to happen. I was certainly not nearly as competent as I thought I was."
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
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