The FTX founder is “willing to testify” next week at a US Congressional hearing on the collapse of his crypto group, he said on Friday, in a U-turn that will mark his first public contact with US officials about the events surrounding its bankruptcy. Bankman-Fried, who has remained in the Bahamas since FTX collapsed, said he would “try to be helpful during the hearing” and shed light on issues including “what I think led to the crash”, “my own failings” and “pathways that could return value to users internationally”.
Now he has bowed to pressure after Maxine Waters, chair of the financial services committee made it clear a subpoena was on the table if he refused, and implored him to speak to “help the company’s customers, investors and others”.
https://www.ft.com/content/73b2754e-c401-44af-bf1e-3f9ef19020d8