Sam Bankman-Fried Vows to Testify Before House Panel Probing FTX Collapse
The fallen crypto boss said he would speak after “reviewing what happened.”
FTX/Reuters
Sam Bankman-Fried on Sunday said he would testify before the House Financial Services Committee investigating the rapid downfall of his FTX cryptocurrency exchange. The committee has scheduled a hearing for Dec. 13, with chair Maxine Waters last week inviting Bankman-Fried to speak. “Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain,” Bankman-Fried tweeted Sunday. “I’m not sure that will happen by the 13th. But when it does, I will testify.” The 30-year-old entrepreneur has consistently rejected allegations of fraud after FTX filed for bankruptcy last month. The former billionaire recently said his net worth had collapsed to $100,000 amid the crisis.
Rep. Waters, and the House Committee on Financial Services:
— SBF (@SBF_FTX) December 4, 2022
Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.
I'm not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt
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