The former FTX boss says he would give anything to start a new business and repay crypto investors.
Disgraced crypto boss Sam Bankman-Fried says he hopes to start a new business to make enough money to pay back victims of the FTX collapse.Speaking in a luxury complex in the Bahamas, the former billionaire denies fraud but says he was "not nearly as competent as I thought I was".The FTX crypto exchange allowed customers to trade normal money for cryptocurrencies like Bitcoin.
At the top of a long list of alleged failings, there are allegations that Mr Bankman-Fried's Alameda Research hedge fund was using FTX customers' money to make risky financial bets. "No that's not true," Mr Bankman-Fried said, while going on to acknowledge that as CEO he was ultimately responsible for any mishandling of funds. "That's on me, one way or another," he said.
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