SBF Claims FTX Would Resume Withdrawals Within Month If He Hadn't Filed for Bankruptcy

SBF was interviewed by Vox's staff writer Kelsey Piper via Twitter DMs. In the interview, SBF said his biggest regret was filing for Chapter 11 bankruptcy protection, and his plan next is to raise $8b in two weeks.

SBF said, "you know what was maybe my biggest single fuckup? The one thing everyone told me to do. Everything would be ~70% fixed right now if I hadn't. (It's filing for) Chapter 11. If I hadn't done that, withdrawals (on FTX) would be opening up in a month with customers fully whole."

For his next plan, SBF said, "I have 2 weeks to raise $8b. That's basically all that matters for the rest of my life."

Source

FTX

SBF

In This Article

Related News
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims
FTX Aims to Begin to Repay Customers by the End of 2024 FTX Aims to Begin to Repay Customers by the End of 2024
Sam Bankman-Fried Sentenced 25 Years in Prison Sam Bankman-Fried Sentenced 25 Years in Prison
Federal Prosecutors Suggest SBF to be Sentenced 40-50 Years in Prison Federal Prosecutors Suggest SBF to be Sentenced 40-50 Years in Prison
Latest News More More
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
20 Hours Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
20 Hours Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
1 Day Ago Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
1 Day Ago Singapore bans Polymarket amid national crackdown on online gambling sites
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open