Sam Bankman-Fried agrees to voluntarily testify at U.S. House listening to on Tuesday

Sam Bankman-Fried agrees to voluntarily testify at U.S. House listening to on Tuesday


Sam Bankman-Fried, founder and main government officer of FTX Cryptocurrency Derivatives Exchange, all through a Senate Agriculture, Nutrition and Forestry Committee listening to in Washington, D.C., on Wednesday, Feb. 9, 2022.

Sarah Silbiger | Bloomberg | Getty Visuals

FTX founder Sam Bankman-Fried has agreed to testify right before the Dwelling Economical Companies Committee at a hearing about the crypto exchange’s collapse on Tuesday, he claimed in a collection of tweets Friday early morning.

You will find been a whole lot of again and forth in Washington in excess of whether lawmakers would have to subpoena Bankman-Fried, who explained he would voluntarily testify due to the fact the committee “continue to thinks it would be useful.” It was unclear irrespective of whether he would demonstrate up on Capitol Hill in man or woman or stay in the Bahamas wherever he’s been holed up for much of the time considering that his firm submitted for personal bankruptcy past thirty day period.

In his tweet thread, the disgraced previous “darling” of crypto appeared to lay blame on Binance founder Changpeng “CZ” Zhao.

The ex-CEO of FTX has been on a media blitz the last month conversing about the implosion of his crypto empire, but this will be the first time the community has the opportunity to hear from SBF under oath.

Bankman-Fried wrote that he even now did not have obtain to considerably of his facts, specialist or personalized, so there was a “limit” to what he would be ably to say.

“I would not be as useful as I’d like. But as the committee nonetheless thinks it would be beneficial, I am eager to testify on the 13th,” ongoing the article.

This is breaking news. Make sure you check back for updates.



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