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

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After the FTX collapse and amid the aftermath, people have been wondering about the Crypto Bahamas company conference, which was scheduled to take place on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event scheduled for April 2023 was supposed to be hosted by the now bankrupt FTX and the Skybridge Capital-backed Salt conference promoters.

FTX’s Invitation-Only Island Event Looks Like a Wash

While we know that former FTX CEO Sam Bankman-Fried (SBF) plans to speak at the New York Times (NYT) Dealbook summit, people are wondering about what’s next. Crypto Bahamas a conference 2022 inauguration Crypto Bahamas conference was held in Nassau and the event hosted a litany of well-known speakers including former US President Bill Clinton.

Other 2022 speakers included former British Prime Minister Tony Blair, seven-time Super Bowl Champion and Autograph co-founder Tom Brady, and Bahamas Prime Minister Philip “Brave” Davis. The 2023 event will likely be a wash, but with the current events surrounding the now-defunct exchange, you never can tell.

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Crypto Bahamas Conference in 2022.

For example, Andrew Ross Sorkin confirmed he spoke with SBF at the NYT’s Dealbook summit, and FTX’s new CEO recently explained to the bankruptcy court that some of the company’s business assets may be salvageable. As for the Crypto Bahamas conference, the Skybridge Capital-supported Salt is listed to co-host the forum.

Just before the collapse of FTX and the subsequent Chapter 11 bankruptcy, the event page of Salo highlighted the Crypto Bahamas 2023 conference on the website. At the time of writing, Mr November 25, 2022, the event is still hosted on Salt’s event page and links to the Crypto Bahamas website. True to SBF’s secretive inner circle lifestyle and his mysterious dealings, Crypto Bahamas 2022 was an invite-only event that saw 2,000 attendees.

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While SBF’s exclusive Crypto Bahamas event in 2023 is likely to be canceled, the Wall Street Journal reported on November 25, 2022, that “FTX’s collapse has left many islanders feeling frustrated.” Bahamian Prime Minister Philip Davis appeared with FTX executives as the company bought a vast swath of land on the island, which is now in the hands of provisional liquidators.

While you can only inquire with Salt about the 2023 event now, 2022 ticket prices ranged from $3K to $5K per event attendee. In May, the financial news publication Business Insider called the event was “a $614-a-night affair.”

Anthony Scaramucci told Business Insider (BI) last May that FTX executives said they wanted to enter the conference industry with their company. “In our consultation with our sponsors, the FTX guys wanted us to consider them getting a little deeper into the conference business with us,” Scaramucci said at the time.

The Skybridge executive also noted that the 2022 event was expected to be smaller than the more than 2,000 people who ended up attending Crypto Bahamas 2022. “Honestly, we had to turn people away,” Scaramucci explained in his May interview with BI.

“It’s an island. So we had a certain amount of food that we ordered, we ordered a certain amount of refreshments and things like that. So we just said, ‘Look, I’m sorry, you can’t come,’” Scaramucci added. Other Crypto Bahamas 2022 sponsors included the Solana Foundation, Galaxy Digital, Elliptic, Ripple, Blockfi and Google Cloud.

Salt just wrapped up the Salt iConnections Asia 2022 event at the exclusive Marina Bay Sands hotel in Singapore.

Tags in this story

2000 participants, Andrew Ross Sorkin, Anthony Scaramucci, Bankrupt FTX, Bill Clinton, Blockfi, Crypto Bahamas, Crypto Bahamas conference, Ellipsa, FTX collapse, Galaxy Digital, Google Cloud, mystery deals, NYT Dealbook, NYT Dealbook Summit, Philip ” Brave” Davis, Ripple, Sam Bankman-Fried, sbf, Solana Foundation, Tom Brady, Tony Blair

What do you think of the Crypto Bahamas conference? Do you think the event is likely to be canceled now that FTX has filed for bankruptcy protection? Let us know what you think about this topic in the comments section below.

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Jamie Redman

Jamie Redman is the News Leader at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about the disruptive protocols coming out today.




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