Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event

Following the collapse of FTX and in its aftermath , people were wondering about the company’s Crypto Bahamas conference, which was scheduled to take place April 17-20, 2023 at Nassau’s upscale Grand Hyatt Baha Mar. The event, scheduled for April 2023, was to be hosted by his now-defunct FTX and Salt Conference promoters backed by Skybridge Capital.

FTX’s invite-only island event looks a mess

Former FTX CEO Sam Bankman-Fried (SBF) in New York Times (NYT ) dealbook Summit, theCrypto Bahamas Conference is drawing attention. The inaugural Crypto Bahamas conference in 2022 was held in Nassau, and the event was attended by many notable speakers, including former US President Bill Clinton.

Other his 2022 speakers include former British Prime Minister Tony Blair, seven-time Super Bowl champion and Autograph co-founder Tom Brady, Bahamas’ Phillip “Brave” ” included Prime Minister Davis. The events of 2023 are likely to be eventful, but with current events surrounding the now defunct exchange, you never know.

Crypto Bahamas Conference 2022.

For example, Andrew Ross Sorkin admitted at his Dealbook summit on the NYT that he was talking to SBF, and that his new FTX CEO recently went to bankruptcy court to Some of the company’s business assets may be saved. As far as the Crypto Bahamas conference is concerned, Salt backed by Skybridge Capital is listed as a forum co-organizer.

Shortly before the collapse of FTX and subsequent Chapter 11 bankruptcy filing, Salt’s event page highlighted the Crypto Bahamas 2023 conference on the website. As of this writing,November 25, 2022, the event is still being held on Salt’s event page, which links to the Crypto Bahamas web portal. True to SBF’s secretive inner circle lifestyle and his mysterious dealings, Crypto Bahamas 2022 was an invite-only event with 2,000 attendees.

SBF’s Exclusive His 2023 Crypto Bahamas Event Will Likely Be Canceled, While The Wall Street Journal November 25, 2022 reported as follows: I feel frustrated. Bahamian Prime Minister Philip Davis showed up with FTX executives when the company purchased a swath of land on the island. It is now in the hands of the interim liquidator.

Currently, we can only contact Salt about the 2023 event, but ticket prices for 2022 were between his $3,000 and his $5,000 per event attendee. . In May, financial news publication Business Insider called the event a “$614 a night affair.”

Anthony Scaramucci told Business Insider (BI) last May that FTX executives wanted his company to get into the conference industry. “During our briefing with our sponsors, FTX officials wanted us to consider getting a little more involved in the conference business with them,” Scaramucci said at the time.

Skybridge executives also said the 2022 event was supposed to be smaller than the more than 2,000 people who were to attend Crypto Bahamas 2022. I had to start turning people away,” Scaramucci explained in his May interview with BI.

“It’s an island. We just said it,” added Scaramucci.Other Crypto Bahamas 2022 sponsors include Solana Foundation, Galaxy Digital, Elliptic, Ripple, Blockfi and Google Cloud.

Salt concluded the Salt iConnections Asia 2022 event at the exclusive Marina Bay Sands Hotel in Singapore.

What are your thoughts on the Crypto Bahamas conference? Do you think the event will likely be canceled now that FTX has filed for bankruptcy protection? Please let us know what you think about this matter.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Exit mobile version