'Overbooked' Sam Bankman-Fried to testify before Congress virtually
Former FTX CEO Sam Bankman-Fried will testify virtually before Congress on Tuesday, saying he can’t travel to Washington, D.C. due to his busy schedule and security concerns about paparazzi. after his crypto exchange collapsed and filed for bankruptcy protection.
Bankman-Fried will testify virtually before the House Financial Services Committee for its first hearing on the collapse of FTX and broader implications for the digital asset industry, he said during a Twitter Spaces interview. Bankman-Fried’s crypto exchange, once valued at $32 billion, filed for bankruptcy protection after a run on its utility token last month following concerns that the business wasn't properly capitalized.
Source
https://t.me/Cash_Blockchain_News
