Sam Bankman-Fried has announced that he will appear before a congressional committee
Next week, the former CEO of FTX will appear before the House Committee on Financial Services in Washington, D.C.
Next Wednesday, former FTX CEO Sam Bankman-Fried (SBF) will appear before the House Committee on Financial Services in Washington, D.C., he confirmed.
“I still can’t get to much of my information, whether it’s business or personal. Thus, I will be limited in what I can say and won’t be as helpful as I’d want,” he Tweeted, adding, “But since the committee still feels it would be valuable, I am ready to speak on the 13th.”
He added in a series of tweets that he will attempt to provide information about FTX US’s solvency and American clients, as well as paths that may restore value to foreign users, what he believes caused the crash, and his own shortcomings.
The Senate had asked that he testify, but he had remained silent until now. In a letter issued to Bankman-Fried, senators threatened to issue a congressional subpoena if he failed to comply. Yesterday’s deadline for his answer was 5 p.m. ET.
Since the collapse of his company, the embattled crypto mogul has given multiple interviews to the media in which he explains his version of events. However, he declined an invitation from the House Financial Services Committee, stating he wanted to wait until he had “finished learning and reviewing what happened” to the companies he ran and owns.