Sam Bankman-Fried, the former CEO of the disgraced FTX cryptocurrency company agreed to testify next week regarding the company's downfall.
He wrote, “I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like.” The information he says he hopes to assist with includes FTX’s “solvency and American customers,” why he thinks FTX crashed, and the pathways in which the ex-company could explore to “return value to users internationally,” as well as how he failed the company.
Committee chair Maxine Waters said Bankman-Fried’s appearance was “imperative” in the proceedings and
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