FTX’s Sam Bankman-Fried is about to testify earlier than a US Home committee on Tuesday, the cryptocurrency trade’s founder and the congressional panel mentioned on Friday,
as regulators examine his function within the wake of its collapse. The chair of the Home of Representatives Committee on Monetary Providers, Maxine Waters,
advised Reuters on Thursday that she was ready to subpoena Bankman-Fried if he didn’t agree to seem earlier than the panel, which is holding a listening to as a part of its probe into FTX.
FTX founder and former chief govt officer Sam Bankman-Fried is about to testify earlier than a US Home committee on Tuesday, the cryptocurrency trade’s founder and the congressional panel mentioned on Friday,
as regulators examine his function within the wake of its collapse In an announcement late on Friday, the panel mentioned it might hear from newly appointed FTX CEO John Ray and from Bankman-Fried,
“I nonetheless should not have entry to a lot of my information — skilled or private. So there’s a restrict to what I can say, and I will not be as useful as I might like,”
Bankman-Fried mentioned on Friday on Twitter. “However because the committee nonetheless thinks it might be helpful, I’m keen to testify on the thirteenth,” he added.
The hybrid listening to is scheduled for 10am ET (8:30pm IST) on Tuesday, the committee mentioned. In current weeks, US authorities have sought info from buyers and potential buyers in FTX, two sources with data of the requests advised Reuters.
Prosecutors and regulators haven’t charged Bankman-Fried with any crime. US Justice Division officers met this week with FTX’s court-appointed overseers to look at whether or not a whole bunch of hundreds of thousands of {dollars} have been improperly transferred to the Bahamas,