On November 30th, 2022, Former CEO of FTX Sam Bankman-Fried (SBF), addressed the New York Times Dealbook Summit With Andrew Ross Sorkin In his first public interview since the collapse of the cryptocurrency exchange. SBF spoke to the Dealbook Summit and expressed his “deep regret” for what happened, and further stated that he “did not deliberately misuse funds.”
NYT Dealbook Summit Host Andrew Ross Sorkin Asks Sam Bankman-Fried, Former FTX CEO About Appearing On Good Morning America
FTX Co-Founder And Former CEO Sam Bankman-Fried (SBF) appeared For a lengthy interview with Andrew Ross Sorkin, the host of the New York Times (NYT) Dealbook Summit. The SBF’s appearance at the Dealbook came after SBF’s interview with reporter and crypto supporter Tiffany Fong, which was published the day prior. Appearing virtually at the NYT conference, SBF was asked whether he was concerned by the criminal charges against him.
“There is a time and a place to think about myself and my own future,” SBF told the Dealbook host. “I don’t think this is it.” The Ex-CEO of FTX mentioned that he is still based in the Bahamas and has considered returning to the USA. “I have thought about coming to the United States,” the former FTX executive said.
It’s hard to describe the feeling of this SBF interview via DealBook. pic.twitter.com/uziar5K4bl
– nilay patel (@reckless) November 30, 2022
As SBF stated that he does not have any hidden funds. “next to nothing” Left and has only one credit card Sorkin SBF was asked when he realized that things were getting worse. SBF responded that it was November 6. “we were gathering all the information.”
As It is far more than Alameda Research SBF seemed to try and deflect responsibility by insisting that SBF was responsible. “didn’t know the size of his position.” “I didn’t run Alameda,” SBF, who was still unable to get up from his chair, said: “I didn’t know exactly what was going on.” In SBF spoke with SBF in the interview Sorkin He stated that he believed it was possible for FTX clients to get their money back, citing how Bitfinex After the 2016 hacking of the exchange, clients were able to get their money back.
“Obviously I would like to spend more time thinking about the negatives and less time thinking about the positives,” SBF. The Co-founder of FTX also admitted that he “did not deliberately misuse funds” And that he couldn’t remember a time when it was a lie. sbf:
Although I tried to be as honest as possible, I’m not sure if I lied.
Sorkin SBF was asked by SBF if the company had any formal corporate boards. SBF responded that there were too many boards across the FTX empire. While FTX had a large board. When it came to risk management, SBF said Dealbook Participants that it “completely failed” This is important. “There was no one person in charge of positional risk at FTX,” SBF admitted. The NYT reporter asked SBF about their views on the notion of a FTX empire. “a bunch of
The former head of FTX, Sam Bankman-Fried, recently spoke at the New York Times Dealbook Summit and discussed his political contributions and the potential implications of the Alameda Research position. He revealed that his primary objective of his donations was to fund pandemic prevention and that he was ‘confused’ about why FTX customers in the U.S. were unable to process withdrawals.
During the virtual conference, Bankman-Fried also said that all FTX’s U.S. clients would sell out, but did not elaborate on the reasons why. He was quoted as saying that “I had a duty to our shareholders, to our customers, to our investors, to the regulators of the world, to do right by them. Clearly, I didn’t do a good job at it. I have never attempted to commit fraud with anyone.”
The interview with Bankman-Fried and Andrew Ross Sorkin which aired on December 1 was also featured on Good Morning America. In the video clip published by GMA, SBF stated that “I wasn’t spending time or effort trying to manage risk.”
The discussion also included topics such as Democratic FTT, FTT token, Joe Bankman, Kids In Adderall, New York Times, Nov 6, NYT Report, Republicans, Sam Bankman, Sam Bankman-FriedInterview, SBF interview, Sleepover and Virtual discussion.
What were your thoughts on the NYT Deal Book Summit interview with Bankman-Fried and Sorkin? Let us know your opinion on this topic in the comments below.
