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The host here is Andrew Ross Sorkin brings together today's most vital minds on a single stage.
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First of all, i am hoping this speech will get recorded. Because Sam really seems out of touch and hanging with company like that just shows that he isn't ready to remove himself from the spotlight. Who knows what he says, either shameless promotion of his
"vital" mind or words of wisdom about how to lose a multi billion dollar business in a week. Maybe he will even lash out to CZ and blame him.
But why with SBF? and we all know that Ftx is bankrupt and under investigation. It is said that FTX is the biggest Fraud history in cryptocurrency and customers lost billions in this incident.
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Now in 2008, Bernie Madoff was arrested within 24 hours of his fraud being revealed.
But now in 2022, Sambankman-Fried will be attending New York Times Dealbook Summit after His fraud was revealed.
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Bernie Madoff scammed Americans directly, and FTT international section that failed, prevented people from US using it. There's a big legal technical difference. Also the fall of the FTX seems to be because pure incompetence and irresponsibility. Proving that they had any intention to scam will be harder then with direct ponzi.
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So why is Sam Bankman-Fried still here? It seems awkward because your business failed and you lost billions of your customers' money and yet He's still part of this event.
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This event has nothing to do with cryptocurrencies, i am sure that event even enjoys the publicity of creating this type of controversy and as they haven't maybe followed the story as closely as us, they want to hear what he has to say. Also there's a change this still gets cancelled because of public outcry.
And even while i loath the irresponsible behavior of SBF, at this time i might even might buy some ftt as a gamble, not much because it can go to zero, but it looks like bottomed out, and if there are any rumors of recovery i have to consider that some others believe them too. And that would mean some recovery, not to ath but even 3x this point wouldn't be impossible.