Former FTX chief executive Sam Bankman-Fried, in a series of messages sent over Twitter on Friday, said he was “willing to testify” before the US House Financial Services Committee about the disintegration of his crypto empire.
Mr Bankman-Fried added that he would be limited in what he would be able to say because he did not have access to much of his data — “professional or personal”. He did not respond to requests for additional comment.
In tweets earlier this month, the House committee’s chairwoman, Maxine Waters, urged Mr Bankman-Fried to attend the December 13 hearing, saying his appearance was “imperative”.
Mr Bankman-Fried’s spokesman, Mark Botnick, said “details are still being worked out” and declined to comment further.
Representatives for the House panel did not return requests for comment.
The former FTX head missed the deadline set by the Senate Banking Committee for a response to a request to appear before its December 14 hearing.
His counsel did not reply in the needed time frame, the committee said on Thursday in a statement.
Mr Bankman-Fried, who has not been charged with any crimes, has denied trying to perpetrate fraud, though he has owned up to grievous managerial errors at FTX.
Bahamas-based FTX and more than 100 related entities, including the company’s US arm, filed for bankruptcy in November, sending shock waves across the crypto ecosystem.
The firm, which had been one of the world’s largest digital-asset exchanges, and its founder now face scrutiny from regulators and prosecutors in the US and overseas. The investigations could eventually lead to criminal charges.
At the centre of the investigations into the FTX implosion are questions about whether the firm mishandled customer funds by lending them out to the trading platform’s sister company, Alameda Research, to shore up risky bets.
What is Bitcoin and how did it start? — video
Stage results
1. Julian Alaphilippe (FRA) Deceuninck-QuickStep 4:39:05
2. Michael Matthews (AUS) Team BikeExchange 0:00:08
3. Primoz Roglic (SLV) Jumbo-Visma same time
4. Jack Haig (AUS) Bahrain Victorious s.t
5. Wilco Kelderman (NED) Bora-Hansgrohe s.t
6. Tadej Pogacar (SLV) UAE Team Emirates s.t
7. David Gaudu (FRA) Groupama-FDJ s.t
8. Sergio Higuita Garcia (COL) EF Education-Nippo s.t
9. Bauke Mollema (NED) Trek-Segafredo s.t
10. Geraint Thomas (GBR) Ineos Grenadiers s.t
Profile of Tarabut Gateway
Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
More on animal trafficking
England squad
Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
UAE currency: the story behind the money in your pockets
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Killing of Qassem Suleimani
