Sam Bankman-Fried wants to review the events before testifying before Congress about FTX's demise

December 05, 2022 By Prelo Con

(Image Credit Google)

Sam Bankman-Fried asserted that he is prepared to testify before Congress on the failure and insolvency of his business, FTX, the well-known bitcoin exchange platform situated in the Bahamas. The former CEO will do so when he evaluates the circumstances that led to the company's demise, but he will be on time after doing so. Bankman-Fried is still unsure about what he said in front of the House, especially because he had been invited by lawmakers to attend the hearing, which would take place on December 13.

Rep. Waters, and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I'm not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt
— SBF (@SBF_FTX) December 4, 2022

In a recent tweet, Sam Bankman-Fried announced that he is prepared to testify before Congress about the FTX bankruptcy situation and provide details of the events that led to the company's demise in early November. Also Read: Ex CEO of FTX has only $100k left in his bank account The former CEO is currently not quite prepared to speak in front of House Representatives, which is the main problem. Bankman-Fried stated in his tweet that he is still "learning and reviewing" the circumstances leading up to FTX's bankruptcy and everything that transpired. The businessman added that it is his "obligation to testify before the Committee" and describe what transpired internally, concentrating on his memory of the incidents.

By Prelo Con

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Sam Bankman-Fried wants to review the events before testifying before Congress about FTX's demise

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