Sam Bankman-Fried: Twitter reacts angrily to upcoming SBF talk with New York Times
12:19, 24 November 2022
Sam Bankman-Fried (SBF), founder and former CEO of FTX, the cryptocurrency exchange that filed for bankruptcy on 11 November 2022, is to speak at The New York Times and DealBook summit in a move that has angered the crypto community.
The summit is set to take place on 30 November, when Andrew Ross Sorkin is due to interview Bankman-Fried.
Ross Sorkin is a financial columnist for The New York Times and a co-anchor of CNBC’s Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times.
Bankman-Fried and Ross Sorkin both revealed on Twitter that they would be speaking to one another at the event, though the FTX founder and former CEO will be attending virtually.
Ross Sorkin said a lot of people had been asking him if Bankman-Fried would still be attending, as he had been booked several months before FTX filed for bankruptcy.
Even though the columnist said “nothing is off limits” during the interview, crypto followers have reacted negatively to the upcoming event.
A lot of folks have been asking if I would still be interviewing @SBF_FTX at the @nytimes @dealbook Summit on Nov 30…
— Andrew Ross Sorkin (@andrewrsorkin) November 23, 2022
The answer is yes. ????
There are a lot of important questions to be asked and answered.
Nothing is off limits.
Looking forward to it… https://t.co/lShAqXLKGS
‘If this happens, then I’ve lost all faith in our justice system’
John Deaton, a US attorney and founder of Crypto Law, the US legal and regulatory news site for crypto holders, was far from impressed at hearing Bankman-Fried would be taking part.
On the prospect of Bankman-Fried attending the event in person, Deaton said via Twitter: “If this happens, then I’ve lost all faith in our justice system.”
A growing number of people believe Bankman-Fried should be held legally accountable for what happened, following revelations about mismanagement and poor accounting at FTX.
New FTX CEO John Ray, who dealt with the multi-billion-dollar collapse of the scandal-hit energy company Enron in 2001, said he had never seen a worse failure of corporate control than at FTX.
In papers filed to the bankruptcy court in the state of Delaware, Ray said: “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
Layah Heilpern, author of Undressing Bitcoin (Independently published 2021), said it was “incredible” that Bankman-Fried was speaking at the event.
The fact he is going to be speaking on stage at a damn conference rather than in custody being investigated for fraud and theft is incredible.
— Layah Heilpern (@LayahHeilpern) November 23, 2022
He’s an agent of the establishment. It’s disgusting. https://t.co/x3gCZvLQXI
BTC to USD
Peter McCormack, owner of Bedford Football Club (FC), who is also the host of podcast What Bitcoin Did, responded to news of Bankman-Fried speaking at the event with “LOL” and added: “SBF will get a Nobel Prize at this rate”.
What is your sentiment on BTC/USD?
— Peter McCormack????☠️ (@PeterMcCormack) November 23, 2022
SBF joined by other notable speakers at the event
The summit will also feature other notable individuals including Eric Adams, the Mayor of New York; Mike Pence, the former US vice-president; Janet Yellen, US Secretary of the Treasury; Facebook founder Mark Zuckerberg and Ukraine’s president, Volodymyr Zelenskyy.
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