SBF unlikely to attend Dec. 13 hearing

SBF unlikely to attend Dec. 13 hearing

Altcoin news, News

On Sunday, Sam Bankman-Fried, the creator of the defunct FTX cryptocurrency exchange, tweeted that he is not prepared to appear before the hearing that will be held on December 13 by the Financial Services Committee of the United States House of Representatives.

The US House Financial Services Committee intends to conduct hearings in December as part of its investigation into the collapse of FTX. The committee wants to hear from a variety of firms and people, including FTX’s founder and CEO Bankman-Fried.

Last week, Maxine Waters, who chairs a committee, extended an invitation to Bankman-Fried to take part in the hearing that will take place on December 13.

The Chief Executive Officer of FTX, Bankman-Fried, responded to Walter by saying, “Once I have completed learning and evaluating what occurred, I would feel that it was my job to attend before the committee and explain.”

The crypto community ridiculed the entire fiasco and placed the finger at Bankman-political Fried’s contributions and solid Democratic ties as the source of the problem.

A well-known crypto influencer known as Crypto Bull referred to SBF as a “Democrat rat,” claiming that SBF was responsible for the theft of 8 billion dollars, is now roaming free, and is telling Congress when he would appear. A significant number of people in the cryptocurrency industry have questioned the ability of politicians in the United States to move promptly against the disgraced CEO.

Compiled by Coinbold