FTX's Sam Bankman-Fried Still Hasn't Answered These Questions Ahead of DealBook Summit Interview
- Former CEO plans to speak at DealBook Summit on Wednesday
- Still many unknowns surrounding FTX’s spectacular downfall
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The collapse of FTX was one of the crypto industry’s biggest and most stunning failures. It transformed Sam Bankman-Fried from a billionaire savant and industry savior to a corporate villain virtually overnight, even though major questions remain about what exactly happened. Some may be answered if the former chief executive officer goes through with a planned speaking engagement at the New York Times DealBook Summit at 4:55 pm on Wednesday. Here are key issues that have yet to be sufficiently explained:
How did FTX end up with an $8 billion shortfall?