Sam Bankman-Fried said he is willing to face U.S House Committee on Financial Services but he will have very little information to talk about.
The former CEO of FTX has stated his willingness to appear before American authorities. On December 13, the House Committee on Financial Services. However, he acknowledged that a lack of knowledge would limit what he could say in a series of tweets in response to a post from Congresswoman Maxine Waters.
SBF said that he would discuss the solvency of FTX US and its clients in the United States. The co-founder of FTX would also discuss the different paths that may result in user monies being returned internationally.
SBF made an intriguing comment when he indicated he would also discuss his “personal faults” and what he believes caused the tragedy. SBF had previously said that he wanted time to reflect on what really transpired before appearing before the House to provide an explanation.
It’s interesting that he mentioned he may not be able to attend the committee meeting on December 13 as scheduled. In his tweets, he also discussed how others saw him before his business failed.
“I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected.”
According to Congresswoman Waters, more than a million individuals were impacted by the FTX collapse. She continued by saying the SBF testimony would be important for both the Congress and the American public.
SBF also reacted to charges of threats made by Binance CEO CZ over the withdrawal of investment in FTX. The former CEO of FTX called CZ’s assertions false and said his organization did not want Binance as an investor.
