Congressional committee confirms SBF as FTX hearing witness

Quick Take

  • Disgraced FTX founder Sam Bankman-Fried is set to testify in congressional hearings investigating the collapse of FTX exchange, the House Financial Services Committee confirmed. 
  • Bankman-Fried’s testimony will follow that of current FTX CEO John J. Ray III.

Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U.S. House of Representatives Committee on Financial Services confirmed. 

Bankman-Fried’s panel was added to the list of witnesses for a hearing on Tuesday, Dec. 13, the committee said. Before Bankman-Fried testifies, the committee will call upon current FTX CEO John J. Ray III.

Bankman-Fried earlier today confirmed his willingness to testify on the matter of the FTX collapse. He tweeted that he plans to offer insights on his personal and business failings, the solvency of FTX US and possible recourse for U.S. customers.

The Block's former CEO had agreed to a loan from FTX co-founder Sam Bankman-Fried's Alameda Research through an undisclosed arrangement.

Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.

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