1 year ago
One perceiver suggested Bankman-Fried whitethorn beryllium reluctant to sermon FTX owed to the ineligible accusation of lying nether oath to the U.S. Congress.
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Collect this nonfiction arsenic NFTFormer CEO of FTX, Sam Bankman-Fried, has signaled he's unwilling to attest earlier the United States Congress until he’s “finished learning and reviewing what happened.”
Bankman-Fried was responding to a Dec. 2 tweet from U.S. Representative Maxine Waters inviting him to attest successful a scheduled U.S. House Committee connected Financial Services proceeding connected Dec. 13 to sermon "what happened" astatine FTX.
In a Dec. 4 effect connected Twitter, the erstwhile FTX CEO said helium feels it is his “duty to look earlier the committee and explain,” but lone erstwhile he's “finished learning and reviewing what happened," adding helium wasn't “sure” whether it would hap by the 13th.
Rep. Waters, and the House Committee connected Financial Services:
Once I person finished learning and reviewing what happened, I would consciousness similar it was my work to look earlier the committee and explain.
I'm not definite that volition hap by the 13th. But erstwhile it does, I volition testify. https://t.co/c0P8yKlyQt
Some successful the assemblage pointed retired the effect appears retired of enactment with his caller actions, including taking portion successful respective media interviews and posting endless tweets about what led to the autumn of FTX successful November.
Blockchain Association Head of Policy and U.S. Attorney Jake Chervinsky suggested to his 120,500 Twitter followers that Bankman-Fried was reluctant to instrumentality portion successful the Dec. 13 proceeding due to the fact that '"lying to Congress nether oath is little appealing."
Translation: helium doesn't caput lying to Andrew Ross Sorkin oregon George Stephanopoulos, but lying to Congress nether oath is little appealing. https://t.co/DZTyzMwn9s
— Jake Chervinsky (@jchervinsky) December 4, 2022On Nov. 30, Bankman-Fried made his archetypal unrecorded nationalist quality since the illness of FTX during the New York Times' DealBook Summit wherever helium was questioned implicit the circumstances down the crypto exchange's demise. A time later, helium appeared successful a Good Morning America interview, and besides successful a Twitter abstraction hosted by IBC Group laminitis and CEO Mario Nawfal.
Most recently, Bankman-Fried was questioned by Coffeezilla successful a Twitter Spaces interrogation connected Dec. 3, which saw him leaving the interrogation astir 20 minutes in.
Related: Former FTX CEO Sam Bankman-Fried denies ‘improper use’ of lawsuit funds
Meanwhile, Coinbase CEO Brian Armstrong has called retired Bankman-Fried's purported communicative successful caller days, stating connected Dec. 3 that “even the astir gullible person” should not judge Bankman-Fried's assertion that FTX's transportation of billions of dollars of lawsuit funds to its trading steadfast Alameda Research came from the effect of an unintentional “accounting error.”
I don't attraction however messy your accounting is (or however affluent you are) - you're decidedly going to announcement if you find an other $8B to spend.
Even the astir gullible idiosyncratic should not judge Sam's assertion that this was an accounting error.
As for SBF’s caller media antics, Tesla and Twitter CEO Elon Musk “agreed” with a subordinate of the crypto assemblage SBF doesn’t merit immoderate much media attraction until his tribunal date, with Musk adding helium needs an “adult timeout.”
Agreed. Let’s conscionable springiness him an big timeout successful the large location & determination on.
— Elon Musk (@elonmusk) December 3, 2022
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