VOT Research Desk
The co-founder and former CEO of the FTX exchange, Sam Bankman-Fried, spoke with Andrew Ross Sorkin of The New York Times’ Deal Book. SBF promised FTX US users that withdrawals will likely start soon during the media company’s Deal Book Summit.
SBF has been outspoken about the collapse of his crypto enterprise, the liquidity problem, and his unsuccessful attempts to save the FTX exchange and its affiliates.
On November 30, the former CEO of FTX apologized to users and entered the media limelight from the Bahamas.
SBF was questioned by Andrew Ross Sorkin on a wide range of topics, including risk management, regulation, Bahamas real estate, and the solvency of FTX entities. SBF commented on the FTX US exchange platform, stating that it is a regulated platform in the US.
As far as I’m aware, American users are entirely solvent. Given that it is completely funded, I think withdrawals may start right now, making everyone whole.
