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Sam Bankman-Fried will be conducting our first public interview.

The former CEO of FTX Trading will be giving his first lengthy public interview since the cryptocurrency exchange. collapsed Spectacular Fashion for the beginning of the month.

Sam Bankman-Fried will be speaking in Manhattan on Wednesday night at this year’s New York Times Dealbook Summit. Bankman-Fried left the company on the same day, November 11. FTX Files For Chapter 11 Bankruptcy Protection30 years old under investigation in the United States and possible securities violations abroad.

Wednesday’s audience asked for a more detailed explanation of what caused the FTX meltdown. Other questions about Bankman-Fried include his activities since filing for bankruptcy and the status of his attempts to raise money to refund customers’ accounts.

Former CEO has been unusually vocal since company’s demise: He said Recent Vox His Previous Crypto Regulation Endorsement Was “Just PR,” Revealed This Week Axios His bank account was “down to $100,000.”

FTX’s bankruptcy captivated the world of cryptocurrency and finance. Days after FTX filed for bankruptcy, court documents clearly The company owes at least $3.1 billion to its top 50 creditors.

“Never in my career have I seen such a complete failure of corporate management and complete lack of reliable financial information as what happened here,” said the new CEO of FTX, which previously oversaw Enron’s bankruptcy. John Ray III said in court. document Submitted earlier this month. Alvarez & Marsal, the accounting firm hired by FTX to assist in its bankruptcy proceedings, said the company: “Historically, we didn’t keep reliable books and records.”

FTX bankruptcy proceedings commenced


Closing in on the Bankman-Fried interview is a new call from Washington to regulate the cryptocurrency industry. Democratic Senator Sherrod Brown of Ohio urged Treasury Secretary Janet Yellen to enact a crypto-protection law this week because of what happened with FTX.

“As the bankruptcy filing shows, FTX failed to exercise basic corporate control and risk management over its operations,” wrote Senate Banking Committee Chairman Brown. letter to Yellen on Wednesday. In addition, FTX relied on its own crypto token, driving up valuations and further encouraging irresponsible risk-taking. ”

Bankman-Fried has given several media interviews since FTX’s bankruptcy.he Said Vox Media said on Twitter earlier this month that his previous display of support for government oversight in the crypto industry this year was “PR.” And regulators “make everything worse.”

Fall like Icarus

Bankman-Fried’s position at Wednesday’s Dealbook event is a far cry from his former glory as the founder of a crypto powerhouse.

Bankman-Fried was born in California to two Stanford professors. He graduated from the Massachusetts Institute of Technology with a degree in Physics before moving to Hong Kong and starting Alameda. Alameda later he became the trading division of FTX.

After a brief stint in Hong Kong, Bankman-Fried moved to the Bahamas and founded FTX in 2019, around the time cryptocurrencies began to gain widespread popularity.

After purchasing various tokens several years ago, Bankman-Fried saw his fortune balloon. At one point, Bankman-Fried’s personal fortune increased to his $26.5 billion. forbesHe has become a big political donor, spending $40 million primarily on Democratic candidates and progressive causes. according to to the Wall Street Journal.

Bankman Freed, widely known as a League of Legends video game-loving vegan, loaned hundreds of millions of dollars to struggling crypto companies to become a “crypto savior” before FTX collapsed. earned a nickname.

https://www.cbsnews.com/news/ftx-sam-bankman-fried-nyc-nyt-dealbook-interview/ Sam Bankman-Fried will be conducting our first public interview.

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