Former FTX CEO Sam Bankman-Fried is expected to speak in a virtual interview at the New York Times' Dealbook Summit about the collapse of his crypto empire, starting around 4:55pm ET.
We'll be covering his appearance live, and will update this story as it unfolds. Refresh for updates.
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This is the first time Bankman-Fried has spoken in a public conference since FTX folded. It certainly isn't the first time we've heard from Bankman-Fried since the collapse, however, since he has been very active on Twitter.
The saga began earlier in November with a scoop from crypto news CoinDesk showing that a large portion of Alameda Research's balance sheet was made up of tokens that FTX had printed for trading discounts on its exchange. After a run on the exchange forced it into bankruptcy, a plethora of financial mismanagement was uncovered in its bankruptcy filing. This included everything from employees buying houses with company funds to Alameda extending a whopping $1 billion loan to Bankman-Fried.
Other, stranger details have also come to light. Bankman-Fried's roommates in the Bahamas dated each other while they ran the FTX empire, and while public data shows that Bankman-Fried was a major Democratic donor, he told YouTuber Tiffany Fong that he funneled just as much money to Republicans through dark money pools.
This is a developing story and will be updated.
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