Could Sam Bankman-fried explain what went wrong at FTX?

He said that he could envision eventually explaining to lawmakers what went wrong at FTX. Sam Bankman-Fried’s phone call to his parents: ‘There might be a liquidity issue.’ Sam Bankman-Fried speaking virtually at the DealBook Summit 2022 in New York this afternoon.

Did Bankman-fried's FTX debacle embolden crypto critics?

Bankman-Fried’s company, FTX, had its headquarters in the Bahamas, and was the most consequential player in country’s crypto ecosystem. But Davis’ message was simple: forget about FTX.“The only thing the FTX debacle did was embolden crypto critics,” he said. “The digital asset world is here to stay.”

What happened to Bankman-fried?

Plus Bankman-Fried - the self-appointed saviour of crypto - kept telling the world that everything would be fine. But then the message popped up on the screen - withdrawals suspended. For Kavuri, years of savvy, stressful and successful trading were down the drain, and all of his invested money was gone.