FTX’s Bankman-Fried To Testify Before US Congress

FTX founder Sam Bankman-Fried has announced he will testify before the United States Congress after taking time to review the implosion of his cryptocurrency exchange. <br />Bankman-Fried says he would appear before the US House Committee on Financial Services after he finished learning and reviewing the events that led to FTX filing for bankruptcy last month. <br />Bankman-Fried wrote the tweet in reply to Maxine Waters, the Democratic congresswoman who chairs the committee, after she invited him to appear at a hearing scheduled to examine FTX’s collapse. <br />Bankman-Fried, who once ranked among the world’s richest men, last week denied he had ever intended to defraud anyone while acknowledging he had made a “lot of mistakes” in his handling of the crypto company. <br />Bankman-Fried says he had no knowledge of being the subject of a criminal investigation and denied knowingly commingling investors’ funds with affiliated trading firm Alameda.