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Bloomberg Tech

SBF's Arrest and the FTX Hearing

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 13 December 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the latest from the FTX hearing on Capitol Hill, with FTX's current CEO John Ray III blasting the former FTX team under Sam Bankman-Fried's leadership. Plus, what's next after Bankman-Fried's arrest in the Bahamas on Monday. 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline Hyde of Blue Mugs World High Quarter's

0:41.9

I'm Caroline Hyde of Blue's world headquarters in New York.

0:45.0

And I'm Ed Ludlow in San Francisco.

0:47.0

This is Bloomberg Technology.

0:49.0

Coming up old-fashioned embezzlement, positioned to fail, any regulation would have helped.

0:55.0

They're just some of the CEO John Ray the third, and the words he had to say of FTX under

1:00.0

Sandbankman Freed, we dig into the testimony and what's to come of it.

1:04.0

And the FTX fallout is creating headaches at other exchanges, mainly Bynance, which has

1:09.5

seen nearly four billion dollars in outflows in the past week.

1:13.7

And Bloomberg has learned Apple's potential solution to anti-competitive concerns over its

1:19.4

App Store.

1:20.4

But first, let's get back to that huge story of the day after FTX's swift

1:25.2

collapse sent shock waves across crypto markets of course the House Financial

1:29.0

Services Committee was out to get some answers from the senior FTX executives.

1:34.1

A task that's been made now more complicated

1:36.7

by the fact that Willie's arrested.

1:38.8

Sandbankmanfreed himself in the Bahamas on Monday.

1:41.5

Bloomberg's Chris Dolmetch to make us on the latest.

...

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