Chain News by Thebittimes.Com

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview. Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30.  In a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements could be used to incriminate him in legal proceedings. In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, Partner at Hogan & Hogan said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so far.” SBF is getting a light cross-examination at the NYT/Dealbook Summit and has made at least 3 incriminating statements so far. Why are his lawyers (or parents) letting him do this?? pic.twitter.com/Nd0poutAA0 — Jeremy Hogan ...

Join Our Telegram channel to stay up to date on breaking news coverage As its owner tries to reassure investors, CoinDesk, the online news outlet whose expose on fractures in Sam Bankman-crypto Fried’s business provoked an industry-wide catastrophe, has drawn takeover interest, according to sources familiar with the situation. Some of the attendees claimed that one of the approaches’ recommended $300 million acquisition price was too low. In addition to its well-known Consensus conference, CoinDesk was generating roughly $50 million in annual revenue through a combination of traditional web advertising. It is a part of the privately held Digital Currency Group founded by Barry Silbert, which also consists of Genesis, a company that makes loans backed by client cryptocurrency holdings, and Grayscale Investments, which oversees funds that hold bitcoin, ether, and other cryptocurrencies. As turmoil and contagion spread throughout the cryptosphere as a result of Bankman...