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Former FTX CEO Sam Bankman-Fried to testify before US House committee

The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the collapse of FTX and expects to hear from the companies and individuals involved in it

Photo: Bloomberg
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Photo: Bloomberg

Reuters
FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished "learning and reviewing" the events that led to the spectacular collapse of his cryptocurrency exchange.

The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the collapse of FTX and expects to hear from the companies and individuals involved, including founder and CEO Bankman-Fried.

Committee Chair Maxine Waters last week invited Bankman-Fried to participate in the panel's hearing on Dec. 13.

"Once I have finished learning and reviewing what happened, I would feel like it

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)