<p><span style="font-weight: 400;">Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U</span><span style="font-weight: 400;">.S. House of Representatives Committee on Financial Services confirmed. </span></p> <p><span style="font-weight: 400;">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.</span></p> <p><span style="font-weight: 400;">Bankman-Fried earlier today </span><a href="https://www.theblock.co/post/193619/sam-bankman-fried-says-he-will-testify-before-congressional-committee"><span style="font-weight: 400;">confirmed</span></a><span style="font-weight: 400;"> 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.<br /> <br /> </span>The Block's former CEO had agreed to a loan from FTX co-founder Sam Bankman-Fried's Alameda Research through an undisclosed arrangement.<br /> <br /> </p><br /><span class="copyright"><p>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.</p> <p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>