FTX’s Sam Bankman-Fried to testify before Congress next week

SeniorBen

Senior Member
Sam Bankman-Fried is set to testify before Congress next week about the collapse of FTX, as regulators investigate the cryptocurrency exchange he led until its recent demise.

The US House Committee on Financial Services said in a statement on Friday that the panel would hear from FTX’s newly-appointed CEO, John Ray, and from Bankman-Fried on 13 December.

Bankman had indicated earlier in the day that he was willing to testify to Congress about the company’s implosion under his leadership. The FTX founder and former chief executive, who stepped down when it filed for chapter 11 bankruptcy protection on 11 November, tweeted that he would give evidence to the House financial services committee on Tuesday.
https://www.theguardian.com/technol...ried-willing-to-testify-to-congress-next-week

That should be interesting. But at least he's not afraid to testify, unlike some people who shall go unnamed.
 


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