Sam Bankman-Fried (SBF) has been the number one topic in the last couple of months. The bankruptcy of his notorious crypto exchange FTX contains many controversies, terrifying to realize. Despite the fact that he failed to do business and caused a lot of pain to millions of people, he is thinking about new entrepreneurial challenges. Maybe we really live in a matrix.
SBF wants to start a new business venture
The FTX collapse wiped out billions from the market, leaving many with nothing as the crypto exchange halted withdrawals. While countless people agree this kind of person should be in jail, SBF feels like starting a new business to “make things right.”
Related article: Stablecoins vs CBDCs – what’s the difference?
It’s clear he knows he’s in big trouble, now trying to play on people’s emotions. Of course, we cannot blame SBF for everything, but his malicious practices shouldn’t be pardoned. Is this the kind of a person who should run around free and do business or be behind bars? Hopefully, this question will clear out next year.
Playing a good boy
Reportedly, he will try to start a new business venture and wants to make money to pay back the victims, according to BBC. While SBF appears to be thinking about possible jail time, he seems rather disinterested. So far SBF didn’t reveal any specific plans for the new business venture.
“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 explained.
The interview contains a lot of SBF’s plans, empathy, and almost puppy-like innocence. However, there are no details on how he lost billions of dollars of client funds. While he didn’t admit to knowingly doing fraud, at least he admitted to committing fraud “unknowingly.”
Read more: Stablecoins vs CBDCs – what’s the difference?
“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,” he said in the interview.
So far, SBF is being investigated over the FTX crash and mishandling of customers’ funds, but no conclusions were defined. The crypto community is furious as countless investors lost all their money on the exchange and SBF is still a free man. What do you think is more probable? SBF going to jail or starting a new business?
Caroline was way too comfortable with risks! #ftx #alameda #caroline pic.twitter.com/TnuuQjk3NM
— Investro.com (@investrocom) December 8, 2022
Post has no comment yet.