Disgraced FTX creator Sam Bankman-Fried is believing about the quantities that lenders of the embattled crypto exchange will get in settlement.
In a brand-new interview with YouTuber Tiffany Fong, Bankman-Fried states that lenders of the FTX platform designated for United States homeowners, FTX.US, will get completely compensated while the lenders of the FTX platform that serves the remainder of the world, FTX.com, will just get a portion of what they are owed.
According to the previous FTX CEO, the United States subsidiary is “100%” solvent.
“Ultimately [FTX] United States will get a cent on the cent, a dollar on the dollar …
And [FTX] global will navigate in like $0.20– $0.25 on the dollar.”
The FTX co-founder states that even after the embattled crypto exchange’s United States subsidiary lost $250 million in a hack, it was still solvent.
“FTX United States was so f *** ing solvent that even after losing like $250 million to a hack en route to insolvency, it’s still solvent. About $500 million over.”
Bankman-Fried states that he was “sort of persuaded” to submit chapter 11 insolvency for FTX.US and would “offer anything” to reverse it.
“I was sort of persuaded to doing it however I ought to have simply stated no. I had that right.
I most likely would have been reported to everybody you can envision for refraining from doing it, however it would have deserved it. However it’s the best thing to do, not submit.
I would offer anything to unfile that today.”
Included Image: Shutterstock/Vezdehod