CNBC Special: One-on-One with Sam Bankman-Fried 11/30/22
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 30 November 2022
⏱️ 70 minutes
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| 0:00.0 | All right, I'm going to send it to the deal book conference now. |
| 0:02.0 | You see Andrew Ross Sorkin walking on the stage |
| 0:04.2 | for his conversation with Sam Bankman Freed, |
| 0:06.6 | and we're going to listen in. |
| 0:07.4 | Thank you, everybody. |
| 0:08.9 | And thank you for staying for the entire day |
| 0:12.1 | so that we can do what I think may be one of the most important |
| 0:15.9 | interviews we will do today. |
| 0:20.7 | In the span of about one week, Sam Bankman Freed went from a billionaire, the white night of the |
| 0:27.0 | crypto world and running one of the largest exchanges to what some people think has become a wanted man. |
| 0:34.7 | FTX was once valued at $32 billion. |
| 0:37.2 | It's now effectively worthless in bankruptcy. |
| 0:40.0 | We're going to talk about that and whether investors will ever get money back. |
| 0:43.4 | There are multiple billions owed to creditors and big questions. In the wake of the |
| 0:47.9 | collapse, Bitcoin fell to its lowest price in two years and on Monday Block Vie which had been bailed out by FTX filed for bankruptcy. |
| 0:57.3 | The rapid fall of this empire has left so many questions about crypto, about the |
| 1:02.8 | the future of it and whether it can be trusted again. |
| 1:06.3 | Sam Bankmanfree joins us right now live from the Bahamas. |
| 1:11.0 | Sam, I want to thank you for joining us this afternoon. |
| 1:16.4 | I appreciate your willingness to have this conversation. |
| 1:20.8 | As I said at the outset of today, there are a lot of questions that need to be asked and also need to be answered. |
| 1:28.0 | As you know, a lot of people have been hurt, genuinely hurt. And my hope is that over the time we have |
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