FTX Collapse a Combination of Bad Business Decisions, Fraud, and Possible Money Laundering: Congressman

Started by Epoch-Times-Bot, Dec 09, 2022, 03:00 PM

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Epoch-Times-Bot

Dec 09, 2022, 03:00 PM
FTX Collapse a Combination of Bad Business Decisions, Fraud, and Possible Money Laundering: Congressman

The crash of the crypto trading company, FTX, sent shockwaves throughout the digital exchange world. Billions are missing, and companies with ties to FTX, like BlockFi, Genesis, Coinbase, and others, are filing for bankruptcy or struggling to survive.
In response to the crypto debacle, the U.S. House Financial Services Committee announced its plan to investigate FTX. And while its start date isn't until Dec. 13, there are already reports that FTX founder and CEO Sam Bankman-Fried—or SBF, as he's known—may be playing fast and loose with the facts.
In an interview that aired on Newsmakers by NTD and The Epoch Times on Dec. 7, Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Rep. Bill Huizenga (R-Mich.), stated that despite claiming on Twitter that he planned to attend upcoming Finance Committee hearings, SBF is not scheduled to attend the upcoming meeting....

Source: FTX Collapse a Combination of Bad Business Decisions, Fraud, and Possible Money Laundering: Congressman

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xenzol

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