FTX CEO Sam Bankman-Fried Speaks Out Amid Binance Drama – Denies Insolvency, Says Withdrawals Will Continue


FTX CEO Sam Bankman-Fried Speaks Out Amid Binance Drama – Denies Insolvency, Says Withdrawals Will Continue

FTX CEO Sam Bankman-Fried has denied insolvency rumors amid mounting speculations that his exchange is facing liquidity issues, as evident by Binance's move to dump all its FTT holdings.

Sam Bankman-Fried denied bail, to remain in custody until Feb. 8

CNBC’s Kate Rooney joins ‘Squawk Box’ with the latest details on the arrest of FTX founder Sam Bankman-Fried. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC



FTX Founder Sam Bankman-Fried Speaks Out: ‘I Screwed Up’

Sam Bankman-Fried, the CEO once hailed as the “King of Crypto,” spoke out about the stunning collapse of his company FTX. “I think I have a duty to do everything I can to try and do what’s right,” he told CNBC’s Andrew Ross Sorkin.

» Subscribe to TODAY: http://on.today.com/SubscribeToTODAY
» Watch the latest from TODAY: http://bit.ly/LatestTODAY
About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series.

Connect with TODAY Online!
Visit TODAY’s Website: http://on.today.com/ReadTODAY
Find TODAY on Facebook: http://on.today.com/LikeTODAY
Follow TODAY on Twitter: http://on.today.com/FollowTODAY
Follow TODAY on Instagram: http://on.today.com/InstaTODAY

» Stream TODAY All Day: https://www.today.com/allday
About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, and more. All in one place.

#FTX #SamBankmanFried #CryptoCurrency

Sam Bankman-Fried Denies FTX Insolvency Rumors as Binance Moves to Liquidate FTT Tokens

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17
Traders are scurrying to hedge against a potential slide in crypto exchange FTX’s native token, FTT, in the wake of Binance’s decision to liquidate FTT holdings and controversy surrounding sister company Alameda Research’s balance sheet. This comes as FTX CEO Sam Bankman-Fried tweeted in part that “FTX is fine. Assets are fine.” “The Hash” panel discusses the latest developments after CoinDesk published a story revealing that Alameda’s balance sheet was loaded with FTT.

FTX files for bankruptcy

#shorts #sambankmanfried #yahoofinance
FTX files for bankruptcy and Sam Bankman-Fried resigns as CEO amid its insolvency scandal. Yahoo Finance Editor-at-Large Brian Sozzi on November 11, 2022.
Link back: https://finance.yahoo.com/video/ftx-files-bankruptcy-sam-bankman-151712544.html
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes

Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp

Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV