DealBook Summit
Legal professionals astonished as SBF admits failures, apologizes 12 times in interview
Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times’ DealBook Summit on Nov. 30. In a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements could be used to incriminate him in legal proceedings. In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, Partner at Hogan & Hogan said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so far.” SBF is getting a light cross-examination at the NYT/Dealbook Summit and has made at least 3 incriminating statements so far. Why are his lawyers (...
Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg
Meta CEO Mark Zuckerberg is still hopeful about the company’s Metaverse plans regardless of the billions of dollars it’s sucking up from the company, claiming “someone has to build that.” Appearing remotely for an interview at the Nov. 30 DealBook Summit in New York, Zuckerberg was asked his thoughts on whether the tech giants’ Metaverse play was still viable given its cost and the doubts cast over the platform, answering: “I think things look very different on a ten-year time horizon than the zone that we’re in for the next few years […] I’m still completely optimistic about all the things that we’ve been optimistic about.” He added part of “seeing things through” in the longer term was “powering through” the doubts held about its ambitions. Meta’s latest ear...
Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit
Former FTX CEO Sam Bankman-Fried has claimed to have “unknowingly commingled funds” between Alameda and customer funds at FTX. Bankman-Fried was speaking at the New York Times’ DealBook Summit via video conference on Nov. 30, in which journalist Andrew Sorkin noted “there appears to be a genuine commingling of the funds that are FTX customers that were not supposed to be commingled with your separate firm.” Sam Bankman-Fried speaking at the New York Times’ DealBook Summit. Source: New York Times Bankman-Fried denied knowing about the commingled funds and blamed it on poor oversight. “I unknowingly commingled funds […] I was frankly surprised by how big Alameda’s position was which points to another failure of oversight on my part and failure to appoint someone to be chiefly in ...
