Disgraced FTX founder Sam Bankman-Fried is grilled publicly for the first time trends now 'I didn't try to commit fraud': Disgraced FTX founder Sam Bankman-Fried speaks publicly for the first time since filing for bankruptcy at NYT's DealBook Summit - as Treasury Secretary Janet Yellen calls collapse the crypto industry's 'Lehman moment' Disgraced FTX founder Sam Bankman-Fried is facing the public for the first time since his company's collapse and filing for bankruptcy Bankman-Fried is being quizzed at New York Times' DealBook Summit by journalist Andrew Ross Sorkin this evening Crypto's former golden boy will likely be asked questions about the 50 top creditors who are owed $3.1 billion Earlier on Wednesday, Treasury Secretary Janet Yellen told Sorkin that the company's collapse was the crypto industry's 'Lehman moment' By Dailymail.com Reporter Published: 21:58 GMT, 30 November 2022 | Updated: 22:03 GMT, 30 November 2022 Viewcomments Disgraced FTX founder Sam Bankman-Fried is facing the public for the first time since his company's collapse and filing for bankruptcy - and leaving investors millions out of pocket Disgraced FTX founder Sam Bankman-Fried has said he 'didn't try to commit fraud' and 'made a lot of mistakes' as he is grilled publicly for the first time since his company's collapse and filing for bankruptcy - and leaving investors millions out of pocket. Bankman-Fried is being quizzed at New York Times' DealBook Summit by journalist Andrew Ross Sorkin this evening. 'I was CEO of FTX and that means whatever happened I had a duty to our stakeholders ... to do right by them,' Bankman-Fried said. 'I didn't do a good job of that, I made a lot of mistakes. In response to people saying that he had run a 'massive ponzi scheme, he said: 'I didn't try to commit fraud.' Among the top questions includes whether FTX and its trading firm Alameda Research misused customers funds as it was revealed that the companies owed more than $55,000 to Jimmy Buffet's Margaritaville bar in the Bahamas. Bankman-Fried, who was spotted by DailyMail.com on the balcony of his $40m Bahamas penthouse for the first time since his empire imploded, is currently under investigation from the Securities and Exchange Commission and the Commodity Futures Trading Commission over reports he helped funnel $10 million from FTX to Alameda, which was run by his ex-girlfriend. The FTX and Alameda founder has denied the allegations, but he has yet to speak about the companies close ties and revelations from their bankruptcy filings. The documents show that Alameda is owed $4.1 billion for loans it make to 'related parties,' which includes a $1 billion loan to Bankman-Fried. Crypto's former golden boy will likely be asked questions about the 50 top creditors who are owed $3.1 billion. Among the creditors, who a bankruptcy court judge ruled can remain anonymous for now, 10 claim they are owed more than $100 million each, with the largest creditor listing a $226 million tab. Bankman-Fried confirmed he would speak at the event, his first public appearance since declaring bankruptcy, as NY Times reporter Andrew Ross Sorkin said 'nothing is off limits' The annual event gathers 'newsmakers' across all field of interest, with Sorkin set to tackle the crypto crash with Bankman Fried. Pictured: Sorkin at last year's summit Earlier on Wednesday, the summit held wide-ranging discussions with 'newsmakers', including Meta founder Mark Zuckerberg, Treasury Secretary Janet Yellen, former Vice President Mike Pence, and Ukrainian President Volodymyr Zelensky. Yellen told Sorkin during a wide-ranging discussion that FTX's collapse was a 'Lehman moment' for the crypto industry. She added that crytpocurrencies were 'very risky assets' - and she remained skepitcal about the unregulated industry. 'It's a Lehman moment within crypto. And crypto is big enough that we've had substantial harm of investors and particularly people who aren't very well-informed about the risks that they're undertaking, and that's a very bad thing,' she said. Yellen added that she had not met Bankman-Fried personally. 'I've never met with him. I think I won't begin right now, either.' BlackRock CEO Larry Fink also spoke to Sorkin earlier in the day, revealing that the investment firm had invested $24 million in failed FTX. He added that the company's collapse was the result of bad behavior - not just mismanagement. Fink said the investments were made on behalf of BlackRock's clients through a fund, and did not rule out that the firm was misled. 'Could we have been misled? Until we have more facts, I will not speculate.' Exclusive DailyMail.com photos show disgraced FTX boss Sam Bankman-Fried looking stressed on the balcony of his $40million penthouse in the Bahamas Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility