SBF plans new enterprise to repay FTX collapse victims, claims ‘didn’t commit fraud’

“I might give something to have the ability to try this. And I’m going to attempt if I can.”

Described by chapter attorneys as “probably the most abrupt and tough collapses within the historical past of company America,” SBF was accused of working FTX as “his personal private fiefdom.”

Moreover, it’s alleged that SBF’s hedge fund firm, Alameda Analysis, was utilizing buyer funds from FTX to make dangerous bets on monetary markets with out buyer information or consent.

A former senior FTX worker claimed that SBF will need to have been conscious of this follow, and accused him of mendacity in current interviews the place SBF denied information of the circulation of funds and cryptocurrencies between the businesses.

In response to the previous senior FTX worker’s declare, SBF mentioned:

“No that’s not true […]I didn’t knowingly commit fraud, I didn’t knowingly commit fraud, I don’t assume I dedicated fraud, I didn’t need any of this to occur.”

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