Former FTX CEO, Sam Bankman-Fried, has indicated that he is not willing to testify before the United States Congress until he “finishes learning and reviewing what happened.”
Bankman-Fried was responding to a December 2 tweet from US Representative Maxine Waters inviting him to testify at a hearing scheduled by the US House Financial Services Committee on December 13. to talk about “what happened” in FTX.
In a December 4 response on Twitter, The former FTX CEO said he considers it his “duty to appear before the committee and explain” but only once he has “finished learning and reviewing what happened”, adding that he was not “sure” it was going to happen. for the 13th.
Rep. Waters, and the House Committee on Financial Services:
Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.
I’m not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt
—SBF (@SBF_FTX) December 4, 2022
Representative Waters and the House Committee on Financial Services: Once I am done learning and reviewing what happened, I would feel it my duty to go before the committee and explain myself. I’m not sure that happens before the 13th. But when it does, I’ll testify.
Some in the community pointed out that the response doesn’t seem to be in line with his recent actions, including participating in several media interviews and posting endless tweets about what led to FTX’s downfall in November.
Blockchain Association head of policy and United States attorney, Jake Chervinsky, suggested to his 120,500 Twitter followers that Bankman-Fried was reluctant to participate in the December 13 hearing because “lying to Congress under oath is less appealing.”
Translation: he doesn’t mind lying to Andrew Ross Sorkin or George Stephanopoulos, but lying to Congress under oath is less appealing. https://t.co/DZTyzMwn9s
—Jake Chervinsky (@jchervinsky) December 4, 2022
Translation: You don’t mind lying to Andrew Ross Sorkin or George Stephanopoulos, but lying to Congress under oath is less appealing.
On November 30, Bankman-Fried made his first live public appearance since the FTX collapse during the New York Times DealBook Summit.where he was questioned about the circumstances of the disappearance of the crypto exchange. A day later, he appeared in an interview on Good Morning America, and also in a Twitter space hosted by IBC Group founder and CEO Mario Nawfal.
More recently, Bankman-Fried was questioned by Coffeezilla in an interview on Twitter Spaces on December 3, in which he left the interview after 20 minutes.
For his part, the CEO of Coinbase, Brian Armstrong, has cast doubt on Bankman-Fried’s alleged narrative in recent days, stating on December 3 that “even the most gullible person” should not believe Bankman-Fried’s claim that FTX’s transfer of thousands of millions of dollars of client funds to his Alameda Research trading firm was the result of an inadvertent “accounting error.”
I don’t care how messy your accounting is (or how rich you are) – you’re definitely going to notice if you find an extra $8B to spend.
Even the most gullible person should not believe Sam’s claim that this was an accounting error.
—Brian Armstrong (@brian_armstrong) December 3, 2022
I don’t care how messy your bookkeeping is (or how rich you are), you’re definitely going to get noticed if you find an extra $8 billion to spend. Even the most gullible should not believe Sam’s claim that it was an accounting error.
As for the recent media antics by SBF, Tesla CEO and Twitter, Elon Musk “agrees” with a member of the cryptocurrency community in saying that SBF does not deserve more media attention until his court date. Musk added that he needs a “grown-up timeout.”
agreed. Let’s just give him an adult timeout in the big house & move on.
— Elon Musk (@elonmusk) December 3, 2022
In agreement. Let’s give him some adult timeout in the big house and move on.
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