Tuesday, January 31, 2023

Despite an ongoing FTX investigation, Sam Bankman-Fried will speak at a conference alongside US Treasury Secretary Janet Yellen and Ukrainian President Volodymyr Zelensky.

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Despite an ongoing FTX investigation, Sam Bankman-Fried will speak at a conference alongside US Treasury Secretary Janet Yellen and Ukrainian President Volodymyr Zelensky.

Despite an ongoing investigation into his bankrupt company FTX, FTX owner Sam Bankman-Fried shall participate in the annual DealBook Summit hosted by the New York Times with Mark Zuckerberg, the president of the United States, and Volodymyr Zelensky of Ukraine.

Andrew Ross Sorkin, a Times columnist and the creator of DealBook, will host the all-day event on November 30.

SBF is listed as a speaker in the release, which also states that “our full-day event will include a gathering of current popular business and policy experts on a single platform.”

Other significant panelists and speakers include Andy Jassy, the president and CEO of Amazon, and Eric Adams, the mayor of New York City. Shou Chew, and TikTok.

SBF also acknowledged the information in a tweet that included a quote and indicated that he would elaborate on the FTX fiasco during his discussion at the conference.

SBF sends a letter of apology to the staff

The collapse of FTX, once the third-largest cryptocurrency exchange in the world, was attributed to the former CEO of FTX’s “irrational judgments,” according to an official apology sent by SBF.

In the chaos of my company’s expansion, I needed to remember the most crucial things. A document of the letter seen by CNBC quotes SBF as saying, “I feel profoundly toward you all, considering that you were my family. I’m sorry.

SBF asserted in the letter that he was on the verge of salvaging the cryptocurrency exchange. Eight minutes after signing the Chapter 11 bankruptcy paperwork, he claimed they had got “significant interest in millions of dollars of funding.”

He continued, between those monies, the many billions of dollars in securities the company still owned, and the interest we’d gotten from other parties, “I think that we definitely could have delivered enormous value to our clients and maintained the business.”

Early in November, rumors surfaced that the financial sheet of the investment company was stacked high using FTT tokens, the company’s native token, raising severe consequences for the health of FTX as well as Alameda. The futile endeavor to raise money ended when FTX announced on November 11 that it had registered for Bankruptcy proceedings in Delaware.

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Mark Davis
Mark Davis
Mark Davis, blockchain and crypto content writer, experienced in creating informative and engaging content. Background in finance, economics, and tech. Aim to be accurate, objective, and thorough. Capable of writing in various styles, and simplifying complex topics for different audiences.

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