Disgraced FTX founder Sam Bankman-Fried is opining concerning the quantities that collectors of the embattled crypto alternate will obtain in compensation.
In a brand new interview with YouTuber Tiffany Fong, Bankman-Fried says that collectors of the FTX platform designated for United States residents, FTX.US, will get absolutely compensated whereas the collectors of the FTX platform that serves the remainder of the world, FTX.com, will solely get a fraction of what they’re owed.
In accordance with the previous FTX CEO, the US subsidiary is “100%” solvent.
“Ultimately [FTX] US will get a penny on the penny, a greenback on the greenback…
And [FTX] worldwide will get round in like $0.20 – $0.25 on the greenback.”
The FTX co-founder says that even after the embattled crypto alternate’s US subsidiary misplaced $250 million in a hack, it was nonetheless solvent.
“FTX US was so f***ing solvent that even after shedding like $250 million to a hack on the way in which to chapter, it’s nonetheless solvent. About $500 million over.”
Bankman-Fried says that he was “type of coerced” to file chapter 11 chapter for FTX.US and would “give something” to undo it.
“I used to be type of coerced to doing it however I ought to have simply stated no. I had that proper.
I in all probability would have been reported to everybody you possibly can think about for not doing it, however it could have been value it. However it’s the appropriate factor to do, not file.
I’d give something to unfile that proper now.”
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