BREAKING: SBF Says He is Willing to Testify to Congress Next Week
Crypto News

BREAKING: SBF Says He is Willing to Testify to Congress Next Week

2m
1 month ago

However, the FTX founder warns "there is a limit to what I will be able to say."

BREAKING: SBF Says He is Willing to Testify to Congress Next Week

Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts

Sam Bankman-Fried has said he is willing to testify to Congress about the collapse of FTX on Tuesday.

The embattled founder had been asked to appear before the House Financial Services Committee on Dec. 13 — but declined because he is still determining what led to the exchange's demise.

His argument was dismissed by Rep. Maxine Waters given how he had given a number of high-profile interviews — including to The New York Times, Good Morning America and The Wall Street Journal.

On Friday, he tweeted:

"I still do not have access to much of my data -- professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like. But as the committee still thinks it would be useful, I am willing to testify on the 13th."

SBF added that he will try to be helpful during the hearing — and shed light on why FTX US is solvent, opportunities to return value to users around the world, and what led to the crash.

Promising to reflect on his own failings, he added:

"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."
1 person liked this article