Will SBF Testify on the 13th Before US Congress? FTX Hearing Update

The highly anticipated question: will SBF, former CEO of FTX, actually testify before the US congressional hearing scheduled for December 13th in Washington, D.C.? Recent developments suggest uncertainty.

While Sam Bankman-Fried has said he will testify in front of Congress and answer questions about FTX's collapse, there's a catch. He's now seeking more time, arguing he is still “learning and reviewing what happened.” This raises concerns about his preparedness and willingness to fully cooperate with the investigation into the FTX collapse.

Initially, The FTX founder was initially reluctant to honor the Committee hearing because he did not have enough information on what happened to his crypto empire. Despite the commitment, the situation remains fluid.

The House Financial Services Committee is pressing forward with its investigation into the downfall of FTX. The chairwoman of the U.S. House Committee on Financial Services is expected to lead the questioning, seeking crucial answers about the events leading to FTX's bankruptcy.

Confirmed witnesses include FTX CEO John Ray, actor Ben McKenzie, and law professor Hilary Allen. While SBF, Kevin O'Leary and Alameda CEO Caroline Ellison could still be called to testify, SBF's participation remains the most debated. The potential absence of Disgraced FTX founder Sam Bankman-Fried would significantly impact the committee's ability to understand the full scope of the crisis.

It's important to note that on 5 Nov, Bankman-Fried FTX founder Sam Bankman-Fried may not testify before the U.S. House Committee on Financial Services on Dec. 13, though the situation has evolved since then. The focus remains on whether Sam Bankman-Fried, the fallen founder of the bankrupt cryptocurrency exchange FTX, will finally take a break from his media offensive to answer questions from Congress. We will continue to provide updates as they become available.