FTX investor Evan Luthra joins ‘The Evening Edit’ to share his reaction to Sam Bankman-Fried’s interview with The New York Times.
Founder of FTX Sam Bankman-Roast He said Sunday he would testify before the House Financial Services Committee, but indicated he was not ready to do so before a scheduled Dec. 13 hearing.
“Representative Waters and the House Committee on Financial Services: As soon as I read what happened, I think it’s my duty to appear before the committee. I don’t know if that will happen by the 13th. But when it does, I will testify,” Bankman-Fried said Sunday afternoon. Tweeted.
FTX, The Cryptocurrency exchange Bankman-Fried, once worth $32 billion, filed for bankruptcy last month. John Ray III, who took over as CEO at FTX after Bankman-Fried’s resignation, wrote in the bankruptcy filings that “the company is in the hands of a small group of inexperienced, unsophisticated and compromised because of its utter failure.” Corporate Controls.”
Andrew Ross Sorkin and Sam Bankman-Fried at the 2022 New York Times Dealbook on November 30, 2022 in New York City. (Das Robinson/Getty Images for The New York Times/Getty Images)
Bankman-Fried began a series of media appearances this week, deflecting blame for the collapse of his crypto empire and denying any intentional wrongdoing.
“Look, I had a bad month, but that doesn’t matter here,” Bankman-Fried said Wednesday at the DealBook Summit, noting that he wants to build clients “as a whole.”
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Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee, scheduled a Dec. 13 hearing on FTX’s collapse.
“We appreciate it That you were honest In your discussions about what happened [FTX],” Waters tweeted Friday at Bankman-Fried. “Your willingness to speak to the public will help the company’s customers, investors and others. To that end, we welcome your participation in the hearing to be held on the 13th.
Sam Bankman-Fried, founder and former CEO of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein on Wednesday, August 17, 2022, in New York, United States. (Gena Moon/Bloomberg via Getty Images/Getty Images)
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Banker-Fry Donated nearly $38 million In 2021 and 2022, the Central Election Commission filed for various candidates and PACs, mostly Democratic Party candidates and left-wing groups.
Bankman-Fried did not immediately return a request for comment Sunday.
Fox Business’ Timothy Nerozzi and Eric Revell contributed to this report.
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