FTX’s former CEO Sam Bankman-Fried (SBF) says he will testify before the US Financial Services Committee virtually after previously missing the deadline to confirm his appearance before the committee.
Sam Bankman-Fried continued his “apology tour” by joining Unusual Whales on Twitter, where he informed the approximately 60,000 viewers that he will be appearing before the Financial Services Committee of the US House of Representatives virtually on December 13. Previous confirmation of his appearance in person.
Despite the threat of a subpoena, Bankman-Fried, who is apparently presently residing in the Bahamas, missed the deadline to confirm his attendance before the Senate Banking Committee the following day.
Despite often appearing in front of crowds, Bankman-Fried has stopped tweeting since Dec. 9, when he confirmed his attendance at the House committee meeting.
At the House hearings before the whole committee, John Ray, who replaced Bankman-Fried as FTX’s CEO after the company’s bankruptcy, is also expected to make an appearance. Ray, who handled Enron’s bankruptcy, has voiced his disgust with FTX’s management.
Ben McKenzie and Hilary Allen, two crypto-skeptics, are anticipated to show up at the Senate hearing. In contrast to the contentious trend of celebrity crypto endorsements, McKenzie, whose real name is Ben McKenzie Schenkkan, is an actor who has spoken out against cryptocurrency.
Allen is a law professor. The Cato Institute’s director of Financial Regulation Studies Jennifer Schulp and investor and former FTX spokesman Kevin O’Leary is also scheduled to speak.
According to reports, American officials have threatened to extradite Bankman-Fried from the Bahamas. According to reports, he is also facing criminal accusations there.
According to reports, the U.S. Justice Department has begun its own inquiry against Bankman-Fried for fraud involving money transfers from the United States to the Bahamas that were made only days before FTX filed for bankruptcy.
According to reports, Bankman-Fried has enlisted Mark Cohen, a former federal prosecutor, to represent him. For defending socialite Ghislaine Maxwell, Cohen is best known.
According to reports, Stephanie Avakian, a former director of the Securities and Exchange Commission’s Enforcement Division, will represent Caroline Ellison, the former CEO of FTX-affiliated Alameda Research.
