Sam Bankman-Fried

Disgraced FTX founder SBF to speak at NY Times Dealbook Summit

Posted on

Sam Bankman-Fried, founder of collapsed cryptocurrency exchange FTX, tweeted on Thursday that he will speak at the Dealbook Summit organized by the New York Times on Nov. 30, at a time when he’s reportedly facing investigations with FTX undergoing bankruptcy protection proceedings.

See related article: At FTX’s first bankruptcy hearing, lawyer calls out ‘substantial amount’ of missing, stolen assets

Fast facts

  • Bankman-Fried said he’ll speak with Andrew Ross Sorkin, a New York Times columnist, at the conference.
  • Sorkin shared Bankman-Fried’s tweet and wrote: “There are a lot of important questions to be asked and answered. Nothing is off limits.”
  • FTX filed for Chapter 11 bankruptcy on Nov. 11.
  • James Bromley of law firm Sullivan & Cromwell, who was appointed counsel by new FTX leadership, said on Tuesday at the company’s first day of a bankruptcy hearing that a “substantial amount of assets” of FTX have either been stolen or are missing, and that the organization was run as a “personal fiefdom” by Sam Bankman-Fried.
  • In a bankruptcy filing on Nov. 14, FTX said that it has more than 100,000 creditors and that figure could exceed 1 million.
  • FTX Trading and its affiliates were found to owe their 50 largest creditors about US$3.1 billion, according to Forkast’s calculation based on the estimates listed in a bankruptcy filing FTX submitted on Saturday.

See related article: FTX failed because of humans, not crypto

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *