Sam Bankman-Fried Set to Testify to Congress About FTX Collapse
Posted on AllSides December 9th, 2022
From The Center
FTX founder Sam Bankman-Fried said that he would testify next week before Congress, setting up a high-profile discussion with lawmakers he sought to court before his crypto exchange collapsed into bankruptcy.
Mr. Bankman-Fried said on Twitter that he would appear before the House Committee on Financial Services. The committee has a hearing scheduled for Tuesday at 10 a.m. ET to investigate the collapse of FTX. Mr. Bankman-Fried will most likely testify remotely, according to a person familiar with the matter.
John J. Ray III, FTX’s new chief executive leading the company in bankruptcy, is listed...
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