Sam Bankman-Fried will testify before the House of Representatives Financial Services Committee next Tuesday, December 13 to explain the circumstances of the fall of his company FTX.
In a tweet posted on Friday, the former chief executive of the cryptocurrency exchange said he was "ready to testify on December 13" before the Financial Services Commission.
However, he minimizes the information he can provide: “I still do not have access to most of my data – professional or personal.
So there's a limit to what I can say, and I won't be as helpful as I would like.
»
In another tweet, he said he was ready to speak on "
what led to the crash
", on his "
own failures
" as well as on "
the creditworthiness of FTX US and US customers and the means that could make value to users
.
In a series of interviews given in recent weeks to various Anglo-Saxon media, Sam Bankman-Fried has constructed a narrative in which he was simply an inexperienced and novice businessman, overwhelmed by events, who did not know what was happening in the companies he founded, the cryptocurrency trading company, Alameda Research and the FTX exchange.
Sam Bankman-Fried is suspected of having used, with collaborators, funds deposited on the platform by FTX clients to carry out speculative financial transactions with his other company, Alameda Research.
If proven, these facts could lead to criminal prosecution.
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