FTX founder Sam Bankman-Fried will testify to a House panel this week remotely instead of in person, in a high-profile appearance before Congress.
FTX founder Sam Bankman-Fried will testify to a House panel this week remotely instead of in person, in a high-profile appearance before Congress.
Lawmakers want to know how the crypto fund imploded.
Bankman-Fried says he will use Zoom to speak with House Financial Services Committee members, from his residence in the Bahamas.
The FTX founder was pressed about whether his refusal to appear in person was due to a fear of being arrested – but he claims he wants to avoid the media.
Since FTX’s collapse, Bankman-Fried has engaged in a media tour as he tries to make the case that he didn’t deliberately commit fraud.
