“Look, I’ve Had a Bad Month”: At DealBook Summit, Sam Bankman-Fried Gets Grilled Over FTX Implosion

At the start of Wednesday’s highly anticipated interview closing out the New York Times’ Dealbook Summit, Andrew Ross Sorkin suggested to Sam Bankman-Fried that there are two ways to view the implosion of crypto exchange FTX. There’s “the generous view is that you are a young man who made a series of terrible, terrible, very bad decisions,” Sorkin said, and “the less generous view is that you have committed a massive fraud, that this is a Ponzi scheme, a manipulation of the system.” Bankman-Fried, who acknowledged that as CEO he had responsibilities to investors, regulators, and employees, admitted that he… Read Full Article