Sam Bankman-Fried To Testify Virtually Before Congress
Sam Bankman-Fried, the former CEO of FTX, will testify virtually in front of Congress due to his busy schedule and security concerns.
SBF, which has security concerns about paparazzi, is for this reason in Washington D.C.C.He explained that he could not come to the in person.
Sam Bankman-Fried To Testify
The disgraced former CEO used the following statements on the subject:
“I’m pretty full up and I was planning to testify until very recently.
In terms of security, it is very difficult for me to move and travel at the moment, because the paparazzi effect is extremely large”
SBF will virtually testify before the House Financial Services Committee for its first hearing on the collapse of FTX and its broader implications for the digital asset industry SBF’s cryptocurrency exchange, which was once valued at $32 billion, filed for bankruptcy protection last month.
SBF initially declined a request from the House Financial Services Committee to attend the hearing. The former CEO said he needed more time to understand what was happening inside the company before testifying before Congress about the collapse.
SBF has not left the Bahamas since the FTX collapse. However, despite this, he does not think that he will be arrested if he goes to the United States.