While FTX remains at the heart of crypto news, Sam Bankman-Fried declared on December 9 on Twitter that he was finally ready to testify on the bankruptcy of the FTX platform during a US Senate hearing.
Maxine Waters, the chair of the US House of Representatives Financial Services Committee, issued an invitation on Twitter to SBF last week to appear at the hearing on the FTX case scheduled for December 13. But SBF had declined announcing that it would be his duty to appear nevertheless not “maybe” not on that date. Following this, Maxine Waters replied on Twitter that based on his interviews given to the media in recent weeks, the former CEO of FTX had enough information to be able to testify.
It took a few days for Bankman Fried to finally respond in turn via a tweet stating that he still does not have access to a large part of his data, professional or personal and that there will therefore be a limit to this what he might say. However, if the committee thinks he will be useful, then he would testify on December 13.
He also added that he will try to be helpful during the hearing and provide information on :
- FTX US’s solvency and American customers
- Pathways that could return value to users internationally
- What he think led to the crash
- His own failings
He then ended by stating :
I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected. Which made it that much more destructive when I did. I’m sorry. Hopefully people can learn from the difference between who I was and who I could have been.SBF, FTX
In fact, the Financial Services Committee was considering subpoenaing the former FTX CEO if he didn’t show up on his own at the December 13, 2022 hearing.