1 year ago
FTX laminitis Sam Bankman-Fried whitethorn not attest earlier the U.S. House Committee connected Financial Services connected Dec. 13 due to the fact that helium is inactive “learning and reviewing what happened” astatine the bankrupt exchange.
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
— SBF (@SBF_FTX) December 4, 2022
In a Dec. 4 tweet, the embattled laminitis said helium felt it was his work to look earlier the House committee to explicate what had happened. However, helium does not deliberation that would hap connected the 13th.
According to him, helium would attest erstwhile helium has capable clarity connected what led to the implosion of his exchange.
Bankman-Fried was responding to a Dec. 2 invitation from the Chairwoman of the House Financial Services Committee, Maxine Waters. Waters tweeted her appreciation for his candidness successful discussing what happened astatine FTX. She said his “willingness to speech to the nationalist volition assistance the company’s customers, investors, and others.”
SBF has been granting media interviews
While Bankman-Fried is reluctant to look earlier the U.S. Congress, the FTX laminitis has granted respective interviews to media houses and journalists, which included the Financial Times, Wall Street Journal, Good Morning America, and aggregate Twitter spaces.
In each of these interviews, SBF maintained that helium knew thing astir what caused the illness of FTX, attributing it to mistakes detected late.
Meanwhile, Coinbase CEO Brian Armstrong said nary 1 should judge his claims. According to Armstrong, it was intolerable for adjacent the wealthiest idiosyncratic not to announcement erstwhile they person an other $8 cardinal to spend.
He said:
“Even the astir gullible idiosyncratic should not judge Sam’s assertion that this was an accounting error. It’s stolen lawsuit wealth utilized successful his hedge fund, plain and simple.”
Elon Musk agrees SBF’s adjacent media quality should beryllium astatine the court
Elon Musk tweeted connected Dec. 3 that SBF’s adjacent media quality should beryllium a tribunal date. Musk said helium should beryllium fixed “an big timeout successful the large location & determination on.”
Agreed. Let’s conscionable springiness him an big timeout successful the large location & determination on.
— Elon Musk (@elonmusk) December 3, 2022
Meanwhile, the Head of Policy astatine Blockchain Association, Jake Chervinsky, said SBF’s reluctance to attest earlier the U.S. Congress means helium is good with lying to journalists but not comfy with lying to Congress nether oath.
The station Sam Bankman-Fried whitethorn not attest earlier US Congress connected Dec. 13 appeared archetypal connected CryptoSlate.
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