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Why is Sam Bankman-Fried still invited to a New York Times conference?

by Christian

Unreachable? Sam Bankman-Fried, the former CEO of the now-defunct FTX, is still meeting his social obligations. He will be speaking at the New York Times Dealbook Summit conference next week. A casual attitude which of course raises questions, as the FTX scandal is still ongoing, and the man has admitted to embezzling billions of dollars of customer funds.

Sam Bankman-Fried at Dealbook Summit

Most entrepreneurs who see their empires collapse and their creditors demand billions of dollars are pretty quiet. But not Sam Bankman-Fried. Like Do Kwon, the former FTX CEO seems oblivious to investor anger after the fall of Terra.

He has therefore maintained his scheduled speech at the Dealbook Summit conference, which will take place on 30 November in New York:

We imagine that he will speak by video conference, but nothing is certain as the ex-billionaire seems so casual. For his part, Andrew Sorkin, the journalist who will interview him, confirmed their interview, without specifying its nature:

There are many important questions to be asked and answered. Nothing is off limits. “

An indecent interview according to the community

Sorkins is certainly getting a lot of publicity for the conference, which he co-founded. But this is not necessarily to the liking of the crypto community, which is outraged that Sam Bankman-Fried was invited. Especially since his presentation on the DealBook Twitter account is particularly positive:

“Since Sam Bankman-Fried started FTX, its executives and philanthropic arm have spent or pledged hundreds of millions of dollars on political and charitable contributions. “

The sentence is incomprehensible to some in the community, after SBF himself admitted that his charitable works were only a “front”. A point not missed by Elon Musk, who considers the presentation “one of the greatest failures of journalistic integrity in the United States in the 21st century”.

Recall that Sam Bankman-Fried admitted to using billions of dollars of client funds to bail out Alameda Research, the investment firm linked to FTX. At this stage, users of the exchange platform still have their assets frozen. SBF’s intervention at this conference therefore raises big questions, and is likely to be particularly closely watched.

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