Sam Bankman\u002DFried said on Monday he would testify remotely at Tuesday\u0027s U.S. House Financial Services Committee hearing.
FTX filed for U.S. bankruptcy protection last month and Bankman-Fried resigned as chief executive, triggering a wave of public demands for greater regulation of the cryptocurrency industry.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
He said that it was important for him to remain in the Bahamas, where FTX is headquartered, and that it is difficult for him “to move right now and travel because the paparazzi effect is quite large.” Bankman-Fried warned that his testimony was likely to be “underwhelming” because he wouldn’t be able to confidently “answer questions that I would really want to be able to, and frankly, really should be able to,” given that he no longer has access to internal information at FTX.
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