SBF seeks to embark on a fresh entrepreneurial venture, officially enlisted as a witness in the hearing.

The founder and previous CEO of the insolvent cryptocurrency exchange FTX has shown interest in establishing a new venture with the aim of repaying the customers he owes money to.
“I am willing to do whatever it takes to achieve that. And I will make an attempt if it is possible,” Sam Bankman-Fried replied when questioned by the BBC during an interview on December 10th about whether he would start a new business to reimburse FTX users.
“I will contemplate how we can make a positive impact on the world, and if users have not received much compensation, I will consider what I can do for them,” he added. “I believe that, at the very least, I have a responsibility to do right by FTX users to the best of my ability.”
According to bankruptcy filings from November 14th, Bankman-Fried’s exchange may have “over 1 million creditors.” Estimates of how much FTX may have lost range from $10 billion to $50 billion.
In line with his previous statements during what has been referred to as his “media apology tour,” Bankman-Fried once again stated that he “did not knowingly commit fraud. I do not believe I committed fraud.”
Bankman-Fried also acknowledged that he “was definitely not as competent as I believed myself to be.”
Meanwhile, after a series of exchanges between United States House Representative Maxine Waters and Bankman-Fried, the FTX founder has now been officially confirmed as a witness for the December 13th hearing with the House Committee on Financial Services.
As of December 11th, his name is officially listed as one of the witnesses scheduled to attend the hearing titled “Investigating the Collapse of FTX, Part I.”
The other witness, who had already been added on December 9th, is none other than John Ray, the new CEO of FTX.
In a controversial move, Bankman-Fried missed the deadline to confirm his appearance at a Senate Committee hearing on FTX’s collapse, which is scheduled for December 14th.
A letter dated December 7th, addressed to Bankman-Fried from Committee Chair Sherrod Brown, warned that the senator was prepared “to issue a subpoena to compel your testimony.”
A statement released on December 9th by Brown and Senator Pat Toomey noted that Bankman-Fried did not respond to the deadline, and the committee “will continue to work on having him appear before Congress.”
Toomey tweeted on December 9th that he is “glad” Bankman-Fried will be present at the House hearing and added that he expects the FTX founder to attend the Senate’s hearing the following day.