Bankman–Fried of FTX still plans to attend NYT DealBook Summit despite Bankruptcy. The former CEO is accused of allegedly mismanaging billions of dollars of funds belonging to customers.
Bankman–Fried of FTX Still Plans To Attend NYT DealBook Summit despite Bankruptcy
Sam Bankman-Fried who is the founder of failed cryptocurrency exchange FTX is all set to make an appearance at the New York Times DealBook Summit on November 30 which is of course to the surprise of many.
The embattled former CEO will be speaking with the founder of DealBook Andrew Ross Sorkin, who confirmed the interview in a tweet made on Wednesday. “There are a lot of important questions to be asked and answered,” Sorkin wrote in his tweet, thus promising “Nothing is off limits.”
Bankman-Fried Has Been Scheduled To Speak At the Conference despite the Dramatic Implosion of FTX
Bankman-Fried at the moment has been scheduled to speak at the conference despite the dramatic implosion of FTX, which had been the second-largest cryptocurrency exchange in the world until it declared bankruptcy in the early parts of this month. and ever since then, Bankman-Fried has come under intense public scrutiny, after revelations that he and his team mismanaged billions of dollars in funds belonging to customers.
Attendance Fee and Speakers at the Event
The stipulated fee to attend the NYT’s DealBook Summit is $2,499, and other speakers who are scheduled to speak at the event include Ukrainian President Volodymyr Zelenskyy, Facebook co-founder and CEO of Meta Mark Zuckerberg, and New York City Mayor Eric Adams.
Bankman-Fried Confirmed His Decision to Talk To Sorkin via His Twitter Handle
Bankman-Fried confirmed his decision to talk to Sorkin on his Twitter handle on Wednesday, while also quoting a tweet from the anonymous cryptocurrency news account @BTC_Archive, at the same time which reads “FTX FOUNDER: Minutes after FTX bankruptcy was signed ‘potential interest in billions of dollars of funding came in.'”
The Founder of FTX Is Scheduled To Testify In Front Of the US House of Representatives Financial Services Committee
The founder of FTX, who was also a prolific political donor to Democrats, is scheduled to testify in front of the US House of Representatives Financial Services Committee in December in regard to the collapse of FTX and its bankruptcy filing.
The newly appointed CEO of FTX, John Ray III, who oversaw the aftermath of the collapse of energy trading firm Enron two decades ago, called the disintegration of the cryptocurrency exchange “unprecedented” and also said that it was marred by a “complete failure of corporate controls.”