
FTX founder and former CEO Sam Bankman-Fried has finally agreed to attend an upcoming US House committee hearing and testify on the collapse of his crypto empire.
In a Friday tweet, Bankman-Fried said she still does not have access to more data about her crypto empire and what led to its collapse, but will attend the hearing on December 13 as the committee believes that it would be useful.
“I still don’t have access to most of my data – professional or personal. So there’s a limit to what I can say, and I won’t be as helpful as I’d like to be. But as the committee still thinks it will be useful, I am ready to testify on the 13th,” he said.
As reported, the US House Financial Services Committee announced Last month it plans to hold a hearing to investigate the collapse of crypto exchange FTX. The committee said they look forward to hearing from the companies and individuals involved, including FTX founder Sam Bankman-Fried, Alameda Research, Binance and others.
However, SBF said may not appear As he still isn’t finished with “learning and reviewing” what happened.
The response apparently drew the ire of Maxine Waters, chair of the Financial Services Committee, who Sam Bankman-Fried sought Rather attend the upcoming hearing in an unfriendly tweet.
“It is imperative that you attend our hearing on the 13th, and we stand ready to continue the hearing if there is more information to share later,” Maxine said in a tweet.
Waters also claimed that a subpoena would “certainly be on the table” if Sam Bankman-Fried refused to testify.
Meanwhile, Waters’ relatively tough approach comes as many in the crypto community have rebuked lawmakers for their lack of seriousness in the FTX investigation. Many have argued that the SBF defrauded customers of billions of dollars, and is getting away with one of the biggest frauds in history with little investigation.
Will Manidis, co-founder and CEO of ScienceIO, has also are linked Regulatory behavior for SBF donations. In a recent tweet, he said Bankman-Fried made “one of the highest ROI trades of all time” by donating $40 million to charity and not going to jail for stealing over $10 billion in user funds.
Bitcoin Crypto Related Post