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CNBC's "Fast Money"

CNBC Special: One-on-One with Sam Bankman-Fried 11/30/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 30 November 2022

⏱️ 70 minutes

🧾️ Download transcript

Summary

CNBC’s Andrew Ross Sorkin in a one-on-one conversation with former FTX CEO Sam Bankman-Fried at The New York Times DealBook Summit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

All right, I'm going to send it to the Dealbook Conference.

0:01.8

Now you see Andrew Ross-Sorkin walking on the stage

0:04.2

for his conversation with Sam Bankman Fried

0:06.5

and we're going to listen in.

0:07.5

Thank you, everybody.

0:08.8

And thank you for staying for the entire day

0:12.1

so that we can do what I think may be one

0:15.2

of the most important interviews we will do today.

0:20.6

In the span of about one week, Sam Bankman Fried went

0:24.3

from a billionaire the white knight of the crypto world

0:29.2

and running one of the largest exchanges

0:30.9

to what some people think has become a wanted man.

0:34.8

FTX was once valued at $32 billion.

0:37.3

It's now effectively worthless in bankruptcy.

0:40.0

We're going to talk about that and whether investors

0:42.5

will ever get money back.

0:43.9

There are multiple billions owed to creditors

0:46.2

and big questions.

0:47.1

In the wake of the collapse, Bitcoin

0:49.0

fell to its lowest price in two years.

0:51.0

And on Monday, BlockFi, which had been bailed out

0:54.4

by FTX filed for bankruptcy, the rapid fall

...

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