U.S. Home committee chair says Bankman-Fried should testify subsequent week By Reuters

© Reuters. FILE PHOTO: Chairwoman U.S. Consultant Maxine Waters questions a witness throughout a U.S. Home Monetary Companies Committee listening to titled “Holding Megabanks Accountable: Oversight of America’s Largest Client Dealing with Banks” on Capitol Hill in Was

(Reuters) – The chair of the U.S. Home of Representatives Monetary Companies Committee demanded on Monday that Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto change FTX, testify earlier than Congress on Dec. 13.

“It’s crucial that you simply attend our listening to on the thirteenth, and we’re prepared to schedule continued hearings if there’s extra info to be shared later,” Consultant Maxine Waters (NYSE:), the committee chair, wrote on Twitter.

On Sunday, Bankman-Fried tweeted that he would testify earlier than the committee after he completed “studying and reviewing” the occasions that led to the spectacular collapse of his cryptocurrency change.

Within the tweet Bankman-Fried mentioned he was uncertain if that will occur earlier than Dec. 13.

However in her reply on Monday, Waters wrote on Twitter: “Based mostly in your function as CEO and your media interviews over the previous few weeks, it is clear to us that the knowledge you might have up to now is enough for testimony.”

Bankman-Fried rejected any suggestion of fraud in a collection of interviews final week after his firm’s collapse surprised buyers and left collectors going through losses totaling billions of {dollars}.

FTX filed for chapter in November after every week by which a potential merger with rival crypto change Binance failed.

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