Former FTX CEO Sam Bankman-Fried (SBF) has agreed to testify at a congressional hearing next week. crypto cryptocurrency
The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried , has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected,” Bankman-Fried claimed.
“I will try to be helpful during the hearing, and to shed what light I can on FTX US’s solvency and American customers, pathways that could return value to users internationally, what I think led to the crash, [and] my own failings,” he detailed in a follow-up tweet, elaborating: I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected, which made it that much more destructive when I did. I’m sorry. Hopefully people can learn from the difference between who I was and who I could have been.
Another congressional hearing is set for Wednesday, Dec. 14. U.S. Senator Sherrod Brown , chair of the Committee on Banking, Housing, and Urban Affairs,to Bankman-Fried last week requesting him to testify. At the time of writing, the former FTX CEO has not agreed to testify before the Senate committee.
FTX filed for bankruptcy on Nov. 11 and Bankman-Fried stepped down as the CEO. The company is now being
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