SBF 'keen' to testify at Senate listening to on the FTX collapse


Former FTX CEO Sam Bankman-Fried has indicated that he’s keen to testify at a United States Senate listening to into the collapse of cryptocurrency trade FTX.

Bankman-Fried controversially missed the deadline to reply to a Senate Banking Committee request to look and testify throughout a listening to centered on FTX’s chapter earlier this week. Whereas the potential of a congressional subpoena was on the desk, the beleaguered former CEO has supplied himself up in a sequence of Tweets revealed Dec. 9.

1) I nonetheless do not need entry to a lot of my information — skilled or private. So there’s a restrict to what I can say, and I will not be as useful as I might like.

However because the committee nonetheless thinks it will be helpful, I’m keen to testify on the thirteenth.

— SBF (@SBF_FTX) December 9, 2022

Bankman-Fried was replying to a thread of tweets from congresswoman Maxine Waters, chairwoman of the Monetary Companies Committee, who contended that his current interviews with a variety of media homes supplied proof that he had sufficient info ‘enough for testimony’.

Associated: Crypto neighborhood baffled by SBF dictating phrases over congressional listening to

Highlighting the truth that FTX had affected a couple of million individuals, Waters implored Bankman-Fried to testify on condition that his data can be ‘significant’ to members of congress and ‘crucial’ to the American individuals.


Primarily based in your position as CEO and your media interviews over the previous few weeks, it’s clear to us that the data you’ve to this point is enough for testimony. (1/3)

— Maxine Waters (@RepMaxineWaters) December 5, 2022

Bankman-Fried’s belated response on Twitter got here 4 days after Waters’ request. The previous head of FTX and Alameda Analysis mentioned he can be restricted in his skill to offer solutions, citing an absence of entry to skilled and private information.

He added that he would look to offer info and insights on FTX US’s solvency and American prospects, potential avenues to ‘return worth to customers internationally,’ what led to the collapse of the trade and his ‘personal failings’.

Bankman-Fried and mainstream media retailers have copped criticism from the broader cryptocurrency neighborhood for a perceived slant presenting the previous CEO as a sufferer within the debacle.

Bankman-Fried tried to assuage customers on Twitter by highlighting shortcomings in his working of the now-defunct enterprise, which has left traders out of pocket and wanting solutions:

“I had considered myself as a mannequin CEO who would not develop into lazy or disconnected. Which made it that rather more harmful after I did.”

Bankman-Fried mentioned he hoped individuals may be taught from the distinction between “who I used to be and who I may have been,” in what seems to be an effort to curry extra sympathy as strain from the U.S. authorities begins to mount


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