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Points from FTX’s Bankman-Fried show at the NYTimes Dealbook Summit

For FTX and Sam Bankman-Fried, it’s been a very high ride and a nearly unmatched rate of meteor strikes so far. Now SBF is “in public” for the first time since his FTX meltdown.

Let’s take a look at some of the main review points from SBF’s Dealbook Summit.

Sam Bankman-Fried at Dealbook Summit

The crypto community has expressed considerable frustration and dumbfoundedness at seeing SBF’s name during the Dealbook Summit speaker session since it was announced earlier this month. Bankman-Fried’s video chat session at the Dealbook Summit was covered online through the New York Times’ Live Business Channel feed.

Bankman-Fried presents himself in a similar way as he did before his fall, appearing on camera in a simple black t-shirt,

Here are some of the biggest hits:

  • Early in the session, the panel audience, who paid more than $2,000 per ticket, burst into laughter when SBF described him as having had a “hard month.” Moderator Andrew Ross Sorkin generated some laughter when he asked Bankman-Fried if his lawyer suggested giving him an interview.
  • Regarding fraudulent activity, the SBF continued to try to maintain a paper-thin argument that he simply “made a mistake”, often citing “dashboard” discrepancies and “deliberately arguing” between Alameda and Alameda. It even explicitly states that we did not mix the funds.” and FTX. He follows up on the flimsy defense by saying that for some time, inbound customer wires were directed directly to Alameda’s bank account.
  • Bankman-Fried continued to deny any questionable behavior surrounding a possible BlockFi acquisition. Many speculated that this was an acquisition attempt to simply expand FTX’s liquidity. SBF said “especially he didn’t do it for some reason to deal with FTT”.

There’s more meat in the bones, and for those keeping their pulse on the FTX saga from The Summit, it’s worth reviewing. It continues to make public statements claiming it simply ‘made a mistake’, seemingly oblivious to the processes surrounding money.

FTX's platform token (FTT) went under as FTX was exposed for excessive, high-risk leverage with customer funds. | Source: FTT:USDT on TradingView.com

what happens next?

Bankman-Fried’s future is uncertain, but it still looks like a road. The US Senate hearings on FTX, which could affect future crypto laws, are underway this week. Meanwhile, SBF has also been posting on Twitter since the summit appeared. Swarm of tweet replies In general, I repeat his defense of relative innocence.

Only time will tell how this story will change, but there’s no doubt that there will be a lot of action between now and the end of the year.

Featured image from NYTimes, Charts from TradingView.com
Sam Bankman-Fried appeared at this week's New York Times Dealbook Summit.Sam Bankman-Fried appeared at this week's New York Times Dealbook Summit.The writers of this content are not affiliated with the parties mentioned in this article. This is not financial advice.
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.



Points from FTX’s Bankman-Fried show at the NYTimes Dealbook Summit

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