Founder of FTX: the company is responsible for bankruptcy and is willing to start a new company to make up for the loss of users.
On December 12, FTX, the world's second largest cryptocurrency platform, recently declared bankruptcy. Sam Bankman-Fried, the founder and former chief executive of the company at the center of the storm, says he wants to start a new business.
In an interview published on Saturday, Bankman-Fried, 30, said he hoped to start a new company to make up for the losses to investors caused by the collapse of FTX. He also said he was willing to "do whatever it takes" to start a new adventure.
"I will think about how to help the world, and if users don't get much in return, I will think about what I can do for them," says Bankman-Fried. "I think I at least have a responsibility to FTX users to do the right thing as much as I can."
Asked if he was prepared for a possible arrest, Bankman-Fried said: "Yes, there is always a period of contemplation every night. But when I get up during the day, I try to concentrate, work as efficiently as possible, and ignore things that are beyond my control."
Last month, FTX exploded because of a run on its customers. At that time, more and more customers began to doubt the financial strength of FTX and its affiliated trading arm Alameda Research, and were trying to extract all their assets on the platform at once.
Since the bankruptcy declaration, the new management of the company that has taken over FTX has called platform management "a typical case of a complete failure of corporate control".
Mr Bankman-Fried has said he was responsible for the company's failure and failed to grasp the risks FTX and Alameda took on two businesses.
One of the charges against Mr Bankman-Fried is that he arranged for Alameda to invest in other markets with clients' assets on the FTX platform. Mr Bankman-Fried said in a public interview that he did not "deliberately" confuse client assets with Alameda's investments.
Bankman-Fried tweeted on Friday that he was willing to attend congressional hearings next week, but that what he could say would be limited and "not as helpful as he hoped." Bankman-Fried is currently in the Bahamas.
