FTX founder Sam Bankman-Fried might not testify earlier than the U.S. Home Committee on Monetary Providers on Dec. 13 as a result of he’s nonetheless “studying and reviewing what occurred” on the bankrupt trade.
Rep. Waters, and the Home Committee on Monetary Providers:
As soon as I’ve completed studying and reviewing what occurred, I might really feel prefer it was my obligation to look earlier than the committee and clarify.
I am undecided that can occur by the thirteenth. However when it does, I’ll testify. https://t.co/c0P8yKlyQt
— SBF (@SBF_FTX) December 4, 2022
In a Dec. 4 tweet, the embattled founder mentioned he felt it was his obligation to look earlier than the Home committee to elucidate what had occurred. Nevertheless, he doesn’t assume that may occur on the thirteenth.
In line with him, he would testify when he has sufficient readability on what led to the implosion of his trade.
Bankman-Fried was responding to a Dec. 2 invitation from the Chairwoman of the Home Monetary Providers Committee, Maxine Waters. Waters tweeted her appreciation for his candidness in discussing what occurred at FTX. She mentioned his “willingness to speak to the general public will assist the corporate’s clients, buyers, and others.”
SBF has been granting media interviews
Whereas Bankman-Fried is reluctant to look earlier than the U.S. Congress, the FTX founder has granted a number of interviews to media homes and journalists, which included the Monetary Instances, Wall Road Journal, Good Morning America, and a number of Twitter areas.
In all of those interviews, SBF maintained that he knew nothing about what precipitated the collapse of FTX, attributing it to errors detected late.
In the meantime, Coinbase CEO Brian Armstrong mentioned nobody ought to consider his claims. In line with Armstrong, it was not possible for even the wealthiest particular person to not discover after they have an additional $8 billion to spend.
He mentioned:
“Even essentially the most gullible particular person shouldn’t consider Sam’s declare that this was an accounting error. It’s stolen buyer cash utilized in his hedge fund, plain and easy.”
Elon Musk agrees SBF’s subsequent media look must be on the court docket
Elon Musk tweeted on Dec. 3 that SBF’s subsequent media look must be a court docket date. Musk mentioned he must be given “an grownup timeout within the massive home & transfer on.”
Agreed. Let’s simply give him an grownup timeout within the massive home & transfer on.
— Elon Musk (@elonmusk) December 3, 2022
In the meantime, the Head of Coverage at Blockchain Affiliation, Jake Chervinsky, mentioned SBF’s reluctance to testify earlier than the U.S. Congress means he’s okay with mendacity to journalists however not snug with mendacity to Congress below oath.
