Sam Bankman-Fried Agrees to Testify in Front of US House Financial Committee

Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, has agreed to testify at a December 13 meeting of the House Financial Services Committee.

Bankman-Fried tweeted that he was "willing" to testify in response to requests from committee chair Maxine Waters (D-CA) who had said his attendance was "imperative."

Bankman-Fried said his contribution would be limited, as he does not have access to the personal and professional data that could underpin testimony.

Waters tweeted on Wednesday night that a subpoena was "definitely on the table" should Bankman-Fried decline to attend.

Allegations of poor governance, inadequate risk management, and inappropriate use of customer funds have been leveled against FTX under Bankman-Fried’s leadership.

Share:

Leave a Reply

Your email address will not be published.