- Former FTX CEO appeared in a live interview with the New York Times.
- Bankman-Fried told the public FTX.US was solvent and that withdrawals would be open.
- The former CEO blamed the company’s collapse on mismanagement due to scale.
Sam Bankman-Fried, the former CEO of the bankrupt FTX crypto exchange, has appeared before the public at the DealBook Summit in New York for the first time since FTX’s collapse.
New York Times (NYT) journalist Andrew Sorkin questioned Bankman-Fried via video conference call through an hour-long interview. They discussed various topics, including how FTX and Alameda Research handled customer assets and whether Bankman-Fried was worried about being held legally responsible for FTX’s fall.
In the interview, Bankman-Fried assured the public that FTX’s US sister company, FTX.US, was ‘fully solvent’ and that withdrawals could be opened from December 1, 2022, ‘to make ...
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