• Defamed former FTX CEO Sam-Bankman-Fried will be speaking at the New York Times in Manhattan on November 30th.
• Sam writes an explanation and a lengthy apology to the current FTX employees stating that he is “deeply sorry”.

The Dealbook Summit in New York made a statement defending and confirming Sam Bankman Fried’s announcement on his Twitter account saying that he will be speaking at the exclusive conference on November 30th alongside Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen.

His presence at the conference has been subject to intermittent speculation and negative hype from the crypto community. It is yet to be confirmed whether he will address the summit in person or whether the meeting will be done remotely from the Bahamas island.

The conference is meant to reveal the hidden complexities and unexpected events regarding FTX’s collapse. SBF has been making a series of threads on Twitter with news reporters and hasn’t really dared to appear in any TV interview.

Earlier on, Sam Bankman took to Twitter to apologize to the public for the assets lost and irreparable damages. This was not enough, the crypto community is angered by the collapse of the company which has spawned numerous lawsuits and caused devastation in the pockets of investors who are now intending to flee the crypto space unless it is regulated.

I’ll be speaking with @andrewrsorkin at the @dealbook summit next Wednesday (11/30). https://t.co/QocjPtCVvC

— SBF (@SBF_FTX) November 23, 2022

The majority of the furious public seems to want Sam Bankman placed behind bars since it is not an assurance that their funds will be deposited into their accounts.

The new york times doesn’t seem to care about the misused customer funds but they are also providing a platform for him and will make absurd profits from his appearance from the overpriced tickets without a hint of shame.

As reported earlier by Crypto news media, the crypto empire filed for bankruptcy in the US court on November 11. The fortune of the FTX founder went from $16bn to zero within days. FTX was a chaotic web of more than 100 different companies, all united under the common ownership of Bankman-Fried and his co-founders, Gary Wang and Nishad Singh.

SBF regrets what happened and writes an apology letter.

The once crypto Moghul with a $ 16 billion net worth previously shifted the blame to Alameda Trading firm insisting that he would have saved the platform given enough time.

Sam says that he froze once investors began withdrawing funds and the crypto empire quickly lost investor confidence.

I lost track of the most important things in the commotion of company growth, I care deeply about you all and you were my family,

Says the letter.

A current FTX employee says that “it’s too little, too late”. The missive provides a useful window into Sam’s mindset and a plausible theory that ultimately felled FTX. His words in the memo cannot be independently verified and should be treated skeptically.

I never intended this to happen. I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash. The loans and secondary sales were generally used to reinvest in the business–including buying out Binance–and not for large amounts of personal consumption.

The letter continues.