FTX Founder Sam Bankman-Fried is Set To Speak at the New York Times Dealbook Summit
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Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, will make his first public appearance since declaring bankruptcy. He announced on Thursday that he will speak at the Dealbook Summit, hosted by the New York Times, on November 30.
— SBF (@SBF_FTX) November 23, 2022
According to a New York Times spokesperson, Sam Bankman-Fried will participate from the Bahamas, an island nation where the crypto exchange is located. Meanwhile, the crypto community has slammed the New York Times for allegedly selective coverage of the entire FTX incident. However, American journalist Andrew Ross Sorkin stated in a tweet:
There are a lot of important questions to be asked and answered. Nothing is off limits.
Sam Bankman-Fried Tweets His Confirmation of Attendance
It’s also worth noting that Sam Bankman-Fried confirmed the news via Twitter. As a result, the news of this event drew a lot of criticism from Twitter users who believed SBF was unworthy of the opportunity because he was untrustworthy of the company and was regarded as a thief.
A number of FTX-related data have become public as a result of bankruptcy procedures. This includes a wide range of activities, such as improperly diverting consumer funds or purchasing personal property with company funds.
However, FTX suffered a $51 billion collateral loss as a result of improper use of customer funds. Sam Bankman-Fried mentioned it and apologized, saying he would do anything to be able to go back in time and make different choices. He tried to justify his actions by claiming he had no idea about the size of the margin position or the magnitude of the danger posed by a hyper-correlated crash.
As a result, the failure of FTX had a significant negative impact not only on the overall crypto markets but also on other associated enterprises.
Amazon and the Russo Brothers are Adapting the FTX Drama
Amazon wants a piece of the action from the still-running FTX drama. The company is collaborating with the Russo Brothers, best known for their work on Marvel films, to create a documentary about the catastrophic fall of the massive Bitcoin enterprise.
Amazon has partnered with the duo’s production company AGBO to produce the show, which will begin filming in the spring of 2023. According to the article, Amazon is attempting to hire the brothers as show directors.
— TechCrunch (@TechCrunch) November 24, 2022
David Weil, the writer of “Hunters,” will script the pilot, the company stated in a statement after the news was verified.
Amazon Studios chief Jennifer Salke:
“We are excited to be able to continue our great working relationship with David, Joe, Anthony, and the AGBO team with this fascinating event series I can’t think of better partners to bring this multifaceted story to our global Prime Video audience.”