Sam Bankman-Fried is unlikely to testify on December 13th, saying he has still to learn what happened with the exchange.
Back on December 12th, Congresswoman Maxine Waters, representative of California’s 43rd district, openly invited the former CEO of FTX – Sam Bankman-Fried – to testify with aim of helping the public understand what happened with the exchange.
It appears that SBF is unlikely to make this appearance.
- Despite the multiple public appearances of SBF throughout the past week, he seems unlikely to testify during the hearing of the US House Committee on Financial Services on December 13th.
- The invitation was sent by Congresswoman Maxine Waters on December 2nd, who said:
… we appreciate that you’ve been candid in your discussions about what happened at FTX. Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
- However, Bankman-Fried claims that he hasn’t “finished learning and reviewing what happened” and that he is “not sure that will happen by the 13th.” Yet, he said he will testify once that happens without providing a clear timeframe.
- During the past week, SBF made a few appearances on different Twitter spaces and interviews in a bid to clear the air in regard to the troubles surrounding FTX.
- He even claimed that, to his knowledge, the US branch of the exchange “should” be entirely solvent and that he doesn’t know why they have still not enabled user withdrawals.
- News Source