The former CEO of FTX has shown interest in launching a new company to satisfy all the debtors of the company, which exceed one million and are owed up to fifty billion dollars.

Bankman-Fried has indicated that it would be open to the idea of ​​launching a new business for the purpose of compensating clients to whom it owes money.

Also, I’ll try and see if I can.” During an interview with the BBC on Dec. 10, Bankman-Fried was asked if he would set up a new company to pay investors in FTX.

“I’ll be thinking about how we can help the world, and if users haven’t gotten much in return, I’ll be thinking about what I can do for them,” he continued. “If we haven’t recovered much, I’m going to be thinking about how we can help the world.” I believe that, at the very least, I have a responsibility to FTX users to do the best I can for them. According to bankruptcy papers filed on November 14, Bankman-exchange Fried’s may have “more than 1 million creditors,” and estimates for how much money FTX may have lost range from $10 billion to $50 billion.

Consistent with claims previously made by Bankman-Fried in his so-called media apology tour, he once again said that he: “Did not intentionally engage in fraudulent activity.

I don’t think he committed any kind of deception.”

Furthermore, he said that “I was by no means even close to being as capable as I had imagined myself to be.

After several days of back and forth between US House Representative Maxine Waters and Bankman-Fried, the FTX founder has finally been officially confirmed as a witness at the December 13 hearing with the House. . Financial Services Committee.

Since December 11, his name has been added to the official list of witnesses who will be present at the December 13 hearing titled “Investigating the FTX Collapse, Part I.”

The second witness, who was already present since December 9, is none other than John Ray, who has just been appointed as CEO of FTX.

A Senate Committee hearing on the FTX collapse has been scheduled for December 14. Controversially, the time for Bankman-Fried to confirm her participation in the hearing passed without her doing so.

Sherrod Brown, who serves as the committee’s chair, sent a letter to Bankman-Fried on December 7 advising him that he is prepared to “issue a subpoena to compel your testimony.”

Bankman-Fried did not respond to the deadline, which was highlighted in a statement issued Dec. 9 by Brown and Sen. Pat Toomey. The statement also indicated that the Committee “will continue working to bring it before Congress.”

On December 9, Toomey tweeted that he was “happy” Bankman-Fried was attending the House hearing. He also added that he anticipates the FTX founder will appear at the Senate hearing the next day.