The previous CEO of the stoppedworking cryptocurrency exchange FTX stated in a tweet Friday that he is ready to affirm to Congress next week, however that he will be restricted in what he can state and that he “won’t be as practical” as he’d like to be.
The tweet came in reaction to anumberof tweets earlier this month from House Financial Services Committee Chair Maxine Waters, who had askedfor that Sam Bankman-Fried goto next week’s hearings over the collapse of FTX.
Waters, a California Democrat, stated in a series of tweets to Bankman-Fried that based on several media interviews because FTX collapsed, it was “clear to us that the details you have therefore far is enough for statement.”
FTX stoppedworking last month in what was basically a cryptocurrency variation of a bank run, when consumers attempted to withdraw their properties all at once duetothefactthat of growing doubts about the monetary strength of the business and its associated trading arm, Alameda Research. Since its collapse, FTX’s brand-new management hasactually called the cryptocurrency exchange’s management a “ total failure of