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TechCrunch
Sam Bankman-Fried unlikely to testify in Dec. 13 House Committee hearing
Sam Bankman-Fried, the former chief executive of FTX, indicated on Sunday that he is unlikely to testify in the upcoming U.S. House committee’s hearing on the collapse of his crypto exchange, saying he is still “learning and reviewing what happened.” In a tweet to the Financial Services Committee Chair Maxine Waters and the committee, Bankman-Fried, who has been alleged to have misappropriated customer funds, suggested he will testify at a later time. The U.S. House Financial Services Committee announced last month that it plans to hold a hearing in December to investigate the collapse of the crypto exchange FTX, which before the implosion was one of the world’s largest.
