Sam Bankman-Fried Says His Goal is to "Do Right by Customers": Is it Possible?

After the collapse of FTX, all eyes are on Sam Bankman-Fried, popularly known as “SBF”, co-founder and former CEO of the now-defunct crypto exchange FTX FTT/USD. In the wake of the disaster, Sam Bankman-Fried stated in one of his recent tweets that his goal is to do right by customers.

Is this a genuine effort to make amends? He apologized throughout the thread and said his number one goal is to do right by customers to make them whole. But there\'s no sense if that\'s actually going to happen. The sheer scale of the FTX collapse and the reported mismanagement of funds have left many skeptical.

The question remains: can SBF truly fulfill this promise? He said he is working with regulators, implying a commitment to transparency and cooperation.

Interestingly, according to the latest reports, Bankrupt crypto exchange FTX has recovered billions of dollars more than it needs to make the victim’s of Sam Bankman-Fried’s theft whole. This development offers a glimmer of hope for those affected.

However, the legal proceedings and the intricacies of recovering and distributing assets are complex. Whether Sam Bankman-Fried\'s expressed goal translates into real restitution for FTX customers remains to be seen. The crypto world watches and waits.