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FTX Founder Sam Bankman-Fried, New CEO John Ray To Testify Before Congress

Started by Epoch-Times-Bot, Dec 12, 2022, 06:00 PM

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Epoch-Times-Bot

Dec 12, 2022, 06:00 PM
FTX Founder Sam Bankman-Fried, New CEO John Ray To Testify Before Congress

Sam Bankman-Fried, founder of failed crypto exchange FTX, will testify before the U.S. House Financial Services Committee on Dec. 13. New FTX CEO John Ray will also appear before the committee.
The hearing will commence the first step in the committee's public investigation into the collapse of the crypto exchange.
FTX filed for U.S. bankruptcy protection on Nov. 11, and Bankman-Fried resigned as CEO on the same day.
Founded in 2019, FTX was one of the world’s largest cryptocurrency exchanges. The firm was valued at $32 billion at its peak, while Bankman-Fried’s net worth was estimated to be $26 billion. SBF was the second-largest individual Democrat donor, providing about $40 million in the 2022 election....

Source: FTX Founder Sam Bankman-Fried, New CEO John Ray To Testify Before Congress

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