Former CEO of FTX, Sam Bankman-Fried, has signaled he is unwilling to testify earlier than the United States Congress till 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 testify in a scheduled U.S. House Committee on Financial Services listening to on Dec. 13 to focus on “what happened” at FTX.
In a Dec. 4 response on Twitter, the previous FTX CEO mentioned he feels it’s his “duty to appear before the committee and explain,” however solely as soon as he is “completed studying and reviewing what occurred,” adding he wasn’t “sure” whether it would happen by the 13th.
Rep. Waters, and the House Committee on Financial Services:
Once I’ve completed studying and reviewing what occurred, I’d really feel prefer it was my responsibility to seem earlier than the committee and clarify.
I’m unsure that may occur by the 13th. But when it does, I’ll testify. https://t.co/c0P8yKlyQt
— SBF (@SBF_FTX) December 4, 2022
Some locally identified the response seems out of line along with his latest actions, together with collaborating in a number of media interviews and posting endless tweets about what led to the autumn of FTX in November.
Blockchain Association Head of Policy and U.S. Attorney Jake Chervinsky urged to his 120,500 Twitter followers that Bankman-Fried was reluctant to participate within the Dec. 13 listening to as a result of ‘”lying to Congress under oath is less appealing.”
Translation: he would not thoughts mendacity to Andrew Ross Sorkin or George Stephanopoulos, however mendacity to Congress below oath is much less interesting. https://t.co/DZTyzMwn9s
— Jake Chervinsky (@jchervinsky) December 4, 2022
On Nov. 30, Bankman-Fried made his first reside public look because the collapse of FTX through the New York Times’ DealBook Summit the place he was questioned over the circumstances behind the crypto alternate’s demise. A day later, he appeared in a Good Morning America interview, and likewise in a Twitter area hosted by IBC Group founder and CEO Mario Nawfal.
Most not too long ago, Bankman-Fried was questioned by Coffeezilla in a Twitter Spaces interview on Dec. 3, which noticed him leaving the interview round 20 minutes in.
Related: Former FTX CEO Sam Bankman-Fried denies ‘improper use’ of buyer funds
Meanwhile, Coinbase CEO Brian Armstrong has referred to as out Bankman-Fried’s purported narrative in latest days, stating on Dec. 3 that “even the most gullible person” mustn’t imagine Bankman-Fried’s declare that FTX’s switch of billions of {dollars} of buyer funds to its buying and selling agency Alameda Research got here from the results of an unintentional “accounting error.”
I do not care how messy your accounting is (or how wealthy you’re) – you are undoubtedly going to discover for those who discover an additional $8B to spend.
Even probably the most gullible particular person mustn’t imagine Sam’s declare that this was an accounting error.
— Brian Armstrong (@brian_armstrong) December 3, 2022
As for SBF’s latest media antics, Tesla and Twitter CEO Elon Musk “agreed” with a member of the crypto neighborhood SBF doesn’t deserve any extra media consideration till his court docket date, with Musk including he wants an “adult timeout.”
Agreed. Let’s simply give him an grownup timeout within the huge home & transfer on.
— Elon Musk (@elonmusk) December 3, 2022
