The market is still trying to bounce back from the demise of FTX and its venture arm, Alameda Research. Sam Bankman-Fried, like Do Kwon, is unlikely to face serious consequences. At least for now.
After a few weeks in the shadows, FTX’s CEO, SBF, returned to the DealBook’s public stage on November 30 in an attempt to deliver additional explanation.
SBF was one of the speakers at the conference in New York. Notable participants included Ukraine President Volodymyr Zelensky, US Treasury Secretary Janet Yellen, Meta CEO Mark Zuckerberg, and BlackRock CEO Larry Fink, among others.
A Curious Situation
Timing, according to SBF, is the roadblock to the FTX exchange. In this scenario, the market collapse occurred at an inopportune time.
FTX was originally valued at $40 billion, but the explosion drove the business toward bankruptcy. In mid-November 2022, FTX filed for Chapter 11 bankruptcy.
Following the filing of the…
