The founder and former CEO of the now-collapsed FTX crypto trade is talking out from behind bars.
Final week, a US decide sentenced disgraced FTX founder Sam Bankman-Fried (SBF) to 25 years in jail after the previous crypto tycoon was convicted of fraud prices final yr.
Now, within the first week of his 25-year sentence, SBF says his victims deserve a payout at full present market worth, in keeping with a new report.
“I’ve heard and seen the despair, frustration and sense of betrayal from 1000’s of shoppers; they need to be paid in full, at present worth…
That might and will have occurred in November 2022, and it may and will occur right this moment. It’s excruciating to see them ready, day after day.”
Final week, citing two individuals “with data of the restructuring negotiations,” the Monetary Occasions reported that the imploded crypto trade will doubtless pay its former prospects 120-140% of the worth of their holdings on the day FTX filed for chapter in November 2022.
SBF additionally advised ABC reporters that he’s remorseful for his actions and the individuals who have been damage by them.
“It’s most of what I take into consideration every day…
I by no means thought that what I used to be doing was unlawful. However I attempted to carry myself to a excessive normal, and I actually didn’t meet that normal.”
The disgraced former CEO maintains that there have been sufficient belongings to pay again prospects for a while. He says he’s doing all that he can to assist from behind bars.
“I’m haunted, each day, by what was misplaced. I by no means supposed to harm anybody or take anybody’s cash. However I used to be the CEO of FTX, I used to be liable for what occurred to the corporate, and while you’re accountable it doesn’t matter why it goes unhealthy. I’d give something to have the ability to assist restore even a part of the injury. I’m doing what I can from jail, but it surely’s deeply irritating not to have the ability to do extra.”
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