Former FTX CEO Still On Quest For A Bailout

NASSAU, BAHAMAS – Even though he’s been pushed out of the company he founded, Sam Bankman-Fried telling CNBC he is trying to lock down a multi billion-dollar deal to bail out FTX, saying he is focused on retrieving customer funds. Bankman-Fried claims he is still on a quest to secure a deal.

The former CEO maintaining there are “billions” of dollars in customer assets in jurisdictions “where there were segregated balances,” including in the U.S.

He’s also saying, “There are billions of dollars of potential funding opportunities out there” to make customers whole.

FTX CEO John Ray also saying this weekend that he is exploring sale options for the company as they launch a strategic review of its global assets.

Meanwhile, a hearing on FTX’s so-called first-day motions is set for Tuesday morning.