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.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action. Expect expert insights and analysis in your inbox daily throughout the tournaments, and weekly on Thursdays for the rest of the season.
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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
Read more »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
Read more »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
Read more »
Investors withdraw record levels of bitcoin from crypto exchangesThe collapse of Sam Bankman\u002DFried\u0027s FTX is stirring fears among investors over the safety of their assets. Read more.
Read more »
FTX: All about SBF’s “well-thought” investments, political connects, and more…SBF’s political donations could have been aimed at influencing policy around the crypto space SBF had influence over institutional investors Sam Bankman Fried (SBF), the founder of the now-bankrupt FTX exchange, built a massive influence over crypto policy and the media. In a recent CNBC interview, Kevin O’Leary, Shark Tank and celebrity star, confirmed that […]
Read more »
FTT traders stand in a high-risk zone amid SBF’s plans to relaunch tokenFTT raced to double-digits uptick after SBF endorsed trader’s recovery plan opinion On-chain profit and loss remained in the same region FTX Token [FTT] recorded a 30.39% increase in less than 24 hours after embattled founder Sam Bankman-Fried (SBF) consented to a recovery plan. His agreement was in response to a proposal by CNBC’s crypto […]
Read more »