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Abstract:Evercore ISI Senior Managing Director Mark Mahaney joins 'Mornings with Maria' to discuss job cuts in the tech industry, the collapse of FTX and its impact to the crypto industry, and provides an outlook on streaming services.
Evercore ISI Senior Managing Director Mark Mahaney joins 'Mornings with Maria' to discuss job cuts in the tech industry, the collapse of FTX and its impact to the crypto industry, and provides an outlook on streaming services.
FTX founder Sam Bankman-Fried indicated Wednesday afternoon that he plans to speak during an upcoming New York Times summit.
FTX FOUNDER SAM BANKMAN-FRIED: WHAT TO KNOW ABOUT THE EX-CRYPTO EXEC
“Ill be speaking with @andrewrsorkin at the @dealbook summit next Wednesday (11/30),” Bankman-Fried tweeted.
The New York Times‘ yearly DealBook Summit is slated to take place Nov. 30 in New York City, according to the newspaper’s press release announcing it. On the webpage for the summit, the list of interviewees and speakers includes Bankman-Fried, New York City Mayor Eric Adams, BlackRock CEO Larry Fink, former Vice President Mike Pence, Treasury Secretary Janet Yellen, Ukrainian President Volodymyr Zelensky and others.
Sam Bankman-Fried, founder and former chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Crypto exchange (Photographer: Jeenah Moon/Bloomberg via Getty Images / Getty Images)
Andrew Ross Sorkin, the founder and editor-at-large of DealBook at the New York Times, confirmed Wednesday on Twitter that hell be interviewing the founder of the now-collapsed FTX on Nov. 30.
“A lot of folks have been asking if I would still be interviewing @SBF_FTX at the @nytimes @dealbook Summit on Nov 30,” he wrote. “The answer is yes. There are a lot of important questions to be asked and answered.”
The journalist said that he was “looking forward to it” and that “nothing is off limits.” Sorkin and Bankman-Fried did not specify in their tweets whether the interview will be in-person or remote.
FALLEN FTX BOSS SPENT LAVISHLY IN BAHAMAS WHILE ALLEGEDLY MISUSING CUSTOMER FUNDS
Bankman-Frieds tweet about speaking at the event comes as FTX, formerly one of the largest cryptocurrency exchanges in the world, is embroiled in bankruptcy proceedings and government probes.
This illustration photo shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing the FTX website in the background in Arlington, Virginia on February 10, 2022. (OLIVIER DOULIERY/AFP via Getty Images / Getty Images)
FTX said Nov. 11 it had filed for Chapter 11 bankruptcy along with trading firm Alameda Research, West Realm Series and 130 affiliated companies. It had announced a few days prior that it had reached a deal with another cryptocurrency exchange, Binance, to be acquired, only for Binance to back out citing red flags during its due diligence process.
FTXs first bankruptcy hearing took place Tuesday, during which the Delaware court heard how millions of customers have been impacted, FOX Business previously reported.
FTX COLLAPSE WIPES OUT BILLIONS AS INVESTORS FLEE CRYPTO
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A 56-year-old trader from Gombak, Malaysia, recently lost more than RM1.6 million in a sophisticated online investment scam orchestrated through the popular messaging application, WeChat.
Amid ongoing efforts to recover assets for creditors of the defunct crypto exchange FTX, Sam Trabucco, former co-CEO of Alameda Research, has agreed to forfeit high-value assets, including two San Francisco properties and a yacht. According to a court filing dated 3 November, the combined value of these assets reaches approximately $11.2 million — with the properties estimated at $8.7 million and the 53-foot yacht at $2.5 million.
This article will provide an overview of these two strategies, examining what sets them apart and why each has its place in today’s markets.
The Financial Conduct Authority (FCA) has imposed a £16,675,200 fine on Metro Bank PLC due to critical shortcomings in its financial crime prevention systems. Between June 2016 and December 2020, Metro Bank’s inadequate transaction monitoring controls left more than 60 million transactions, valued at over £51 billion, exposed to potential money laundering risks.