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Sam Bankman-Fried to testify in Congress about FTX cryptocurrencies scandal

Since his $30 billion crypto empire collapsed last month, FTX founder Sam Bankman-Fried hasn’t been shy, approximately speaking to the press, or pretty much everyone else.

Now he’s agreed to observe up his media excursion with a go to the United States House of Representatives subsequent week.

The millennial and previous face of crypto, additionally recognized definitely as SBF, has given interviews to Good Morning America, New York magazine, The New York Times, The Wall Street Journal, and Vox, all even though that closing one became seemingly an accident, with SBF later pronouncing he’d forgotten the buddy he became changing Twitter DMs with became additionally a journalist.

Over the equal span of the beyond few weeks, the founding father of each crypto trade FTX, and funding corporation Alameda Research additionally went on some the crypto podcasts in addition to a two-hour Twitter Space hosted with the aid of using different crypto investors, who grilled Bankman-Fried even extra relentlessly than reporters from the aforementioned outlets.

Read more: Bitcoin slumps as investors await the FTX hearing, FOMC meeting

Sam Bankman-Fried Under Threat Of Subpoena

Sam Bankman-Fried- FTX-Cryptocurrencies-Bitcoin-Tech
Since his $30 billion crypto empire collapsed last month, FTX founder Sam Bankman-Fried hasn’t been shy, approximately speaking to the press, or pretty much everyone else.

FTX founder Sam Bankman-Fried is below the hazard of a subpoena. After having to start with the declined invitation from Congress, he sincerely, reluctantly, each day, bowing to the threat of a subpoena. He will appear in advance before the House Financial Services Committee on Dec. 13 to be attentive to focus on the fall of his empire.

This crypto-institution was turned into and made from FTX and Alameda Research, a hedge fund that still created a buying and selling platform.

Bankman-Fried filed for Chapter eleven financial ruin on Nov. eleven after each group ran out of cash.

As the government attempt to piece collectively how an organization like FTX, valued at $32 billion in February, should have collapsed within a day, the previous dealer commenced a media excursion to provide an explanation for that what took place turned into because of awful luck.

Read more: Patrick Lyoya family who was unjustly executed sues ex-cop Grand Rapids for $100 million

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