SBF plans new venture to repay FTX collapse victims, claims ‘did not commit fraud’

“I will do whatever it takes to be able to do it, and I will do what I can.”

Described by bankruptcy lawyers as “one of the most abrupt and difficult collapses in the history of corporate America,” SBF was accused of running FTX as “his own personal fiefdom.”

In addition, SBF’s hedge fund firm, Alameda Research, was alleged to have used client funds from FTX to place risky bets in financial markets without the client’s knowledge or consent.

Former senior FTX employee says SBF He must have been aware of this practice and in a recent interview accused the SBF of lying by denying knowledge of the flow of funds and cryptocurrencies between companies.

In response to the former FTX senior employee’s allegations, SBF said:

“No, it’s not true []I didn’t commit fraud on purpose, I didn’t commit fraud on purpose, I don’t think I committed fraud, I didn’t want this to happen.