{"id":524090,"date":"2022-12-09T17:37:53","date_gmt":"2022-12-09T14:37:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-founder-bankman-fried-agrees-to-testify-at-house-hearing-on-collapse\/"},"modified":"2022-12-09T17:37:53","modified_gmt":"2022-12-09T14:37:53","slug":"ftx-founder-bankman-fried-agrees-to-testify-at-house-hearing-on-collapse","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-founder-bankman-fried-agrees-to-testify-at-house-hearing-on-collapse\/","title":{"rendered":"#FTX founder Bankman-Fried agrees to testify at House hearing on collapse"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a66362c89a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a66362c89a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-founder-bankman-fried-agrees-to-testify-at-house-hearing-on-collapse\/#FTX_founder_Bankman-Fried_agrees_to_testify_at_House_hearing_on_collapse\" >FTX founder Bankman-Fried agrees to testify at House hearing on collapse<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"FTX_founder_Bankman-Fried_agrees_to_testify_at_House_hearing_on_collapse\"><\/span>FTX founder Bankman-Fried agrees to testify at House hearing on collapse<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankmanfriedsam_NYT_113022_Getty.jpeg?w=900\" \/><\/p>\n<div>\n<p>The founder and former CEO of bankrupt cryptocurrency platform FTX on Friday said he will testify before a House committee next week despite his initial reluctance.<\/p>\n<p>In a Friday tweet, Sam Bankman-Fried announced he would testify before the House Financial Services Committee at its Dec. 13 hearing on the collapse of FTX.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>\u201cI still do not have access to much of my data \u2014 professional or personal.\u00a0 So there is a limit to what I will be able to say, and I won\u2019t be as helpful as I\u2019d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th,\u201d Bankman-Fried <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1601186246990401537\">tweeted Friday<\/a>.<\/p>\n<p>He added that he will \u201ctry to be helpful\u201d and shed light on \u201cFTX US\u2019s solvency and American customers,\u201d ways to compensate international users, \u201cwhat I think led to the crash,\u201d and \u201cmy own failings.\u201d<\/p>\n<p>Bankman-Fried\u2019s decision to testify comes after intense pressure from House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and ranking member Patrick McHenry (R-N.C.). The duo had been pushing Bankman-Fried over <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear before their panel and answer questions under oath from lawmakers after giving several high-profile interviews to journalists.<\/p>\n<p>Bankman-Fried said last week he would appear before the Financial Services panel once he finished \u201clearning and reviewing\u201d what happened at FTX. But his answer did not fly with Waters, who insisted he bring his apology tour to the Capitol.<\/p>\n<p>\u201cBased on your role as CEO and your media interviews over the past few weeks, it\u2019s clear to us that the information you have thus far is sufficient for testimony,\u201d Waters said in a Monday tweet to Bankman-Fried.<\/p>\n<p>\u201cThe collapse of FTX has harmed over one million people. Your testimony would not only be meaningful to Members of Congress, but is also critical to the American people.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Bankman-Fried\u2019s decision to appear means he will face questions from lawmakers about the FTX collapse under oath. While Congress cannot bring criminal charges against an individual, it can share potentially incriminating material with regulators and law enforcement investigating FTX. He could also face charges if he lies to lawmakers, raising the stakes of his upcoming testimony.<\/p>\n<p>Bankman-Fried did not say whether he would also agree to appear before the Senate Banking Committee during its own hearing on FTX scheduled for Dec. 14.\u00a0<\/p>\n<p>Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and ranking Republican Sen. Pat Toomey (R-Pa.) have threatened to subpoena Bankman-Fried to testify if he refuses to do so voluntarily.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>The Hill has reached out to Bankman-Fried on Twitter about whether he will also testify before the Banking panel.\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/policy\/finance\/3768491-ftx-founder-bankman-fried-agrees-to-testify-at-house-hearing-on-collapse\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX founder Bankman-Fried agrees to testify at House hearing on collapse The founder and former CEO of bankrupt cryptocurrency platform FTX on Friday said he will testify before a House committee next week despite his initial reluctance. In a Friday tweet, Sam Bankman-Fried announced he would testify before the House Financial Services Committee at its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":524091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankmanfriedsam_NYT_113022_Getty.jpeg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[75736,135234,134344,76127,70610,90482,72036,124783,102556,71525,137000,4965],"class_list":["post-524090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-ftx","tag-administration","tag-cryptocurrency","tag-finance","tag-house","tag-infrastructure","tag-international","tag-maxine-waters","tag-national-security","tag-patrick-mchenry","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/524090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=524090"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/524090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/524091"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=524090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=524090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=524090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}