Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely
Persevering with his so-called apology tour, Sam Bankman-Fried appeared on a Twitter House with Uncommon Whales and informed practically 60,000 listeners that he intends to testify at the USA Home of Representatives Monetary Companies Committee remotely on Dec. 13. He was beforehand confirmed to look in particular person.
Bankman-Fried, who’s allegedly at the moment positioned within the Bahamas, missed the deadline to substantiate his look earlier than the Senate Banking Committee the next day, regardless of the specter of a subpoena. Regardless of his frequent public talking, Bankman-Fried has gone silent on Twitter himself, not posting since Dec. 9, when he indicated his settlement to look on the Home committee listening to.
1) I nonetheless do not need entry to a lot of my information — skilled or private. So there’s a restrict to what I will say, and I will not be as useful as I would like.
However because the committee nonetheless thinks it will be helpful, I’m keen to testify on the thirteenth. https://t.co/KR34BsNaG1
— SBF (@SBF_FTX) December 9, 2022
John Ray, who has taken over from Bankman-Fried as FTX‘s CEO for the reason that agency’s chapter, can be slated to look on the Home hearings earlier than the complete committee. Ray, who oversaw the liquidation of Enron, has expressed his dismay on the administration of FTX. Crypto skeptics Hilary Allen and Ben McKenzie are expected to look on the Senate listening to. Allen is a regulation professor, and McKenzie, whose full identify is Ben McKenzie Schenkkan, is an actor who has spoken out towards crypto, bucking the controversial pattern of movie star crypto endorsements. Investor and former FTX spokesperson Kevin O’Leary and Cato Institute director of Monetary Regulation Research Jennifer Schulp are additionally anticipated to testify.
U.S. authorities have reportedly threatened to extradite Bankman-Fried from the Bahamas. He reportedly faces prison costs in that nation as nicely. The U.S. Justice Division has reportedly launched its personal investigation into Bankman-Fried for fraud associated to cash transfers from the USA to the Bahamas carried out days earlier than FTX declared chapter.
Bankman-Fried has reportedly employed former federal prosecutor Mark Cohen for his protection. Cohen is greatest recognized for defending socialite Ghislaine Maxwell. Caroline Ellison, former CEO of FTX-linked Alameda Analysis, will reportedly be represented by former Securities and Change Fee Enforcement Director Stephanie Avakian.
