Friday, January 27, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Crypto Exchanges

Sam Bankman-Fried may not testify before US Congress on Dec. 13

by BitScoop
December 5, 2022
in Crypto Exchanges
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


Haru Invest

FTX founder Sam Bankman-Fried may not testify before the U.S. House Committee on Financial Services on Dec. 13 because he is still “learning and reviewing what happened” at the bankrupt exchange.

Rep. Waters, and the House Committee on Financial Services:

Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.

I’m not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt

— SBF (@SBF_FTX) December 4, 2022

In a Dec. 4 tweet, the embattled founder said he felt it was his duty to appear before the House committee to explain what had happened. However, he does not think that would happen on the 13th.

According to him, he would testify when he has enough clarity on what led to the implosion of his exchange.

Bankman-Fried was responding to a Dec. 2 invitation from the Chairwoman of the House Financial Services Committee, Maxine Waters. Waters tweeted her appreciation for his candidness in discussing what happened at FTX. She said his “willingness to talk to the public will help the company’s customers, investors, and others.”

SBF has been granting media interviews

While Bankman-Fried is reluctant to appear before the U.S. Congress, the FTX founder has granted several interviews to media houses and journalists, which included the Financial Times, Wall Street Journal, Good Morning America, and multiple Twitter spaces.

In all of these interviews, SBF maintained that he knew nothing about what caused the collapse of FTX, attributing it to mistakes detected late.

Meanwhile, Coinbase CEO Brian Armstrong said no one should believe his claims. According to Armstrong, it was impossible for even the wealthiest person not to notice when they have an extra $8 billion to spend.

He said:

“Even the most gullible person should not believe Sam’s claim that this was an accounting error. It’s stolen customer money used in his hedge fund, plain and simple.”

Elon Musk agrees SBF’s next media appearance should be at the court

Elon Musk tweeted on Dec. 3 that SBF’s next media appearance should be a court date. Musk said he should be given “an adult timeout in the big house & move on.”

Agreed. Let’s just give him an adult timeout in the big house & move on.

— Elon Musk (@elonmusk) December 3, 2022

Meanwhile, the Head of Policy at Blockchain Association, Jake Chervinsky, said SBF’s reluctance to testify before the U.S. Congress means he is okay with lying to journalists but not comfortable with lying to Congress under oath.

Posted In: FTX, U.S., People

Read Our Latest Market Report

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits





Source link

Related articles

Conflux surges 60% following integration with China’s Little Red Book

January 26, 2023

Arizona senator keeps pushing to make Bitcoin legal tender

January 25, 2023
Tags: altcoinsBankmanFriedbitcoin pricebitcoin updatesbitscoopCongresscrypto newscrypto updatesDeclatest bitcoin newsSamtestify
Share76Tweet47
Previous Post

CoinDesk’s Most Influential 2022 NFT Collection

Next Post

Hackers Steal $4.3bn in Crypto in Nine Months

Related Posts

Conflux surges 60% following integration with China’s Little Red Book

by BitScoop
January 26, 2023
0

Conflux native token (CFX) has surged up to 60% in the last 24 hours, following the protocol’s successful integration with...

Arizona senator keeps pushing to make Bitcoin legal tender

by BitScoop
January 25, 2023
0

Republican senator Wendy Rogers introduced a bill on Jan. 25 that proposes including Bitcoin (BTC) in the list of currencies...

Hoskinson reassured by Cardano ‘self healing’ following node anomaly

by BitScoop
January 24, 2023
0

Input Output CEO Charles Hoskinson said the transient nature of the Cardano node anomaly makes it challenging to pin down...

Europol arrests 5 Bitzlato senior executives

by BitScoop
January 23, 2023
0

European Union police agency (Europol) said it arrested five senior executives of the sanctioned Bitzlato exchange.The EU agency said Jan....

Metrics indicate bullish sentiment as illiquid Bitcoin supply reaches 80%

by BitScoop
January 22, 2023
0

CryptoSlate analysis of Bitcoin (BTC) metrics reveals that the market bottom may have been reached as investors continue accumulating BTC...

Load More
Next Post

Hackers Steal $4.3bn in Crypto in Nine Months

Another Genesis Creditor Group's Loans Amount To $1.8B

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Dogecoin To Remain Above These Levels To Turn Around

December 29, 2022

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange – Exchanges Bitcoin News

January 15, 2023

Neobank N26 Exapnds Crypto Trading to 5 New Countries

January 17, 2023

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News

January 25, 2023

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe – Taxes Bitcoin News

January 8, 2023

Questions about ERC20 Tokens

January 22, 2023

Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows – Featured Bitcoin News

January 27, 2023

Arizona Senator Launches Bill to Make Bitcoin Legal Tender – Regulation Bitcoin News

January 27, 2023

How European cryptocurrency companies are preparing for broad legislation with MiCA at the Door

January 27, 2023

Shiba Inu Takes On Fashion Industry As Designer Debuts SHIB-Inspired Clothing Line

January 26, 2023

Crypto Exchange Sues Its Hacker

January 26, 2023

Republicans on House Oversight Committee press Hunter Biden’s dealer for information on his art sales

January 26, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.