Sam Bankman-Fried’s post-scandal interview, media layoffs and more
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Sam Bankman-Fried, former CEO of the FTX crypto exchange that lost billions in value nearly overnight, gave a live interview at the New York Times’s DealBook Summit Wednesday.
Vox described the former billionaire’s demeanor as “notably fidgety, hemmed and hawed over his answers, and seemed at times to martyr himself.”
As you might expect, Bankman-Fried’s attorneys — the company is under investigation by both the Department of Justice and the Securities and Exchange Commission, in addition to being in bankruptcy proceedings, according to the Wall Street Journal — advised him not to speak.
“I think I have a duty to talk to people,” Bankman-Fried explained. “I have a duty to explain what happened.”
He denied both committing fraud and rumors of drug-fueled shenanigans at the exchange. But here’s how Vox described the end of the interview:
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