FTX, the world's second largest cryptocurrency platform, recently declared bankruptcy. Sam Bankman-Fried, founder and former CEO of the company at the
FTX, the world's second largest cryptocurrency platform, recently declared bankruptcy. Sam Bankman-Fried, founder and former CEO of the company at the center of the storm, said he wanted to start a new business.

In an interview published Saturday, Bankman-Fried, 30, said he hopes to start a new company to make up for investors' losses from FTX's collapse. He also said that he was willing to "give everything" to start a new adventure.

"I'm going to think about how I can help the world, and if users don't get much in return, I'm going to think about what I can do for them," Bankman-Fried said. "I think, at least, I have a responsibility to FTX users, To do the right thing as best I can.”

Asked if he was prepared for possible arrest, Bankman-Fried said: "Yes, there is always a period of time every night when I am in deep thought. But when I wake up during the day, I will try to focus. Work as efficiently as possible and ignore things that are out of my control."

Last month, FTX exploded because of a client run. At that time, more and more customers began to doubt the financial strength of FTX and its affiliated trading agency Alameda Research, and they were trying to withdraw all their assets on the platform at one time.

Since declaring bankruptcy, the company's new management, which has taken over FTX, has called platform management "a classic case of total failure of corporate control."

Bankman-Fried, who has said he was responsible for the company's collapse, failed to grasp the risks FTX and Alameda took on both businesses.

One of the allegations against Bankman-Fried is that he arranged for Alameda to use clients' assets on the FTX platform to invest in other markets. Bankman-Fried has said in public interviews that he did not “intentionally” conflate client assets with Alameda investments.

Bankman-Fried tweeted on Friday that he would be willing to testify before Congress next week, but that he would be limited in what he could say and "wouldn't be as helpful as he hoped." Bankman-Fried is currently in the Bahamas.
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