Sam Bankman-Fried: Offer Submitted to Reduce Customer Losses

Sam Bankman-Fried tweeted that the offer on Voyager was submitted in order to reduce customer losses. He said "The consultants, for instance, likely want the bankruptcy process to drag out as long as possible maximizing their fees. Our offer would let people claim assets quickly. Or people who wanted to submit a lower bid will take a large share of customer assets in the middle. As a disclaimer, I also have a stake in this process, but I'm pretty sure our offer hurts the stake; there's a chance equity in Voyager would be worth more (at the cost of customers) if the process drags out. But equity holders aren't who matter right now, customers are."