FTX's Sam Bankman-Fried to Testify in Front of US House Financial Committee

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FTX's Sam Bankman-Fried to Testify in Front of US House Financial Committee
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.SBF_FTX, the head of bankrupt crypto exchange FTX_Official, has said that he is willing to testify in front of the U.S. House Financial Services Committee on December 13. By jackschickler

Bankman-Fried Friday tweeted he was"willing" to testify in response to requests from committee chair Maxine Waters who had said his attendance was"imperative."

Bankman-Fried said his contribution would be limited, as he says he still does not have access to the personal and professional data that could underpin testimony. He resigned on Nov. 11, the day the company filed for bankruptcy after revelations published in CoinDesk concerning FTX's relationship to sister company Alameda Research.

Waters tweeted on Wednesday night that a subpoena was"definitely on the table" should Bankman-Fried decline to attend. Since resigning, allegations have emerged of poor governance, inadequate risk management and inappropriate use of customer funds under Bankman-Fried's leadership. Prior to his resignation he was a major political donor and influential figure in Washington, backing a bill to regulate digital commodities.

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