HomeFinanceSam Bankman-Fried agrees to testify earlier than Home | NEWSRUX

Sam Bankman-Fried agrees to testify earlier than Home | NEWSRUX

Sam Bankman-Fried, founder and chief govt officer of FTX Cryptocurrency Derivatives Alternate, throughout a Senate Agriculture, Vitamin and Forestry Committee listening to in Washington, D.C., on Wednesday, Feb. 9, 2022.

Sarah Silbiger | Bloomberg | Getty Photographs

FTX founder Sam Bankman-Fried has agreed to testify earlier than the Home Monetary Providers Committee at a listening to concerning the crypto change’s collapse on Tuesday, he mentioned in a sequence of tweets Friday morning.

There’s been a number of forwards and backwards in Washington over whether or not lawmakers must subpoena Bankman-Fried, who mentioned he would voluntarily testify because the committee “nonetheless thinks it will be helpful.” It was unclear whether or not he would present up on Capitol Hill in particular person or keep within the Bahamas the place he is been holed up for a lot of the time since his firm filed for chapter final month.

In his tweet thread, the disgraced former “darling” of crypto appeared to put blame on Binance founder Changpeng “CZ” Zhao.

The ex-CEO of FTX has been on a media blitz the final month speaking concerning the implosion of his crypto empire, however this would be the first time the general public has the prospect to listen to from SBF beneath oath.

Bankman-Fried wrote that he nonetheless didn’t have entry to a lot of his knowledge, skilled or private, so there was a “restrict” to what he can be ably to say.

“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,” continued the publish.

That is breaking information. Please test again for updates.

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