New York Magazine said the former FTX founder and CEO told a fellow inmate he believes a future token launch would attract backers for his next business venture.
Sam Bankman-Fried, the former FTX founder and CEO, has reportedly told a fellow inmate he wants to launch a new crypto token after prison and believes it could raise $50 million to $100 million for a future business venture. New York Magazine reported that he said “everyone will flock to it,” framing the token as a potential fundraising vehicle once he is released. The reported comments point to Bankman-Fried’s continued interest in crypto despite FTX’s collapse and the reputational damage tied to the exchange’s failure.