Sam Bankman-Fried Says He Will Testify Before Congress On FTX Collapse

FTX founder Sam Bankman-Fried promised to testify before Congress after he finished "learning and reviewing" the events that caused the popular cryptocurrency exchange to file for bankruptcy last month. The Verge reports: Bankman-Fried's promise was made in response to a tweet from House Financial Services Chair Maxine Waters (D-CA) last week calling on him to join the committee's hearing on FTX's collapse on December 13th. But Bankman-Fried didn't commit to testifying at the hearing scheduled for next week. "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain," Bankman-Fried said in a tweet on Sunday. "I'm not sure that will happen by the 13th. But when it does, I will testify." Bankman-Fried resigned as FTX's chief executive last month, a move that could hinder his ability to fully review internal company materials before agreeing to testify.

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