Ex-FTX CEO to speak at summit after crypto exchange meltdown

Sam Bankman-Fried says he will speak with New York Times columnist Andrew Sorkin on Nov. 30 during newspaper's summit

By Michael Hernandez

WASHINGTON (AA) - Sam Bankman-Fried, the former CEO of defunct crypto exchange FTX, said on Wednesday he will address an upcoming summit after his company filed for bankruptcy this month.

Bankman-Fried said he will be speaking with New York Times columnist Andrew Sorkin on Nov. 30 during the newspaper's DealBook summit. It is unclear if he will appear in person or via videolink.

FTX, which was the world's third-largest cryptocurrency exchange by daily trading volume, filed for bankruptcy earlier this month due to liquidity struggles.

While Bankman-Fried later apologized to investors in a series of tweets, cryptocurrencies have since been in freefall due to the financial turmoil and perceived risks to investors.

The price of Bitcoin dove below $16,000 two weeks ago, giving up all gains over the past two years, while the crypto market lost more than 20% in value in the last two days amid the meltdown.

Kaynak:

This news has been read 105 times in total