House panel wants answers from Bankman-Fried on FTX collapse –


(NEXSTAR) — House lawyers have dozens of questions for former FTX CEO Sam Bankman-Fried, whose cryptocurrency empire went bankrupt last month amid allegations of fraud.

The first one is whether he’ll actually show up to answer them.

The leaders of the House Financial Services Committee are pushing Bankman-Fried to testify at a Dec. 13 hearing about the FTX collapse and speak to his role in the company’s decline.

In a series of coordinated tweets, Chairwoman Maxine Waters (D-Calif.) and ranking member Patrick McHenry (RN.C.) have urged Bankman-Fried to bring his international apology tour to the Capitol — either in person or remote from his abode in the Bahamas. After spending weeks giving high-profile interviews, they argue the least Bankman-Fried could do is talk to the lawyers responsible for cleaning up FTX’s mess.

But Bankman-Fried has suggested he won’t be there, arguing he needs more time to understand how FTX imploded, despite frequently discussing the issue on Twitter and with journalists.

“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,” Bankman-Fried tweeted friday in response to Waters and McHenry’s efforts.


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