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Sam Bankman-Fried concurs to voluntarily testify at U.S. Hous…

Sam Bankman-Fried, founder and leader govt officer of FTX Cryptocurrency Derivatives Alternate, throughout a Senate Agriculture, Diet and Forestry Committee listening to in Washington, D.C., on Wednesday, Feb. 9, 2022.

Sarah Silbiger | Bloomberg | Getty Pictures

FTX founder Sam Bankman-Fried has agreed to testify ahead of the Space Monetary Services and products Committee at a listening to concerning the crypto trade’s cave in on Tuesday, he mentioned in a chain of tweets Friday morning.

There is been a large number of backward and forward in Washington over whether or not lawmakers must subpoena Bankman-Fried, who mentioned he would voluntarily testify for the reason that committee “nonetheless thinks it could be helpful.” It was once unclear whether or not he would display up on Capitol Hill in particular person or keep within the Bahamas the place he is been holed up for far of the time since his corporate filed for chapter ultimate month.

In his tweet thread, the disgraced former “darling” of crypto seemed to lay blame on Binance founder Changpeng “CZ” Zhao.

The ex-CEO of FTX has been on a media blitz the ultimate month speaking concerning the implosion of his crypto empire, however this would be the first time the general public has the risk to listen to from SBF beneath oath.

Bankman-Fried wrote that he nonetheless didn’t have get admission to to a lot of his knowledge, skilled or private, so there was once a “restrict” to what he could be ably to mention.

“I may not be as useful as I would like. However because the committee nonetheless thinks it could be helpful, I’m prepared to testify at the thirteenth,” persevered the put up.

That is breaking information. Please test again for updates.


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