By Scott Galbraith
The former CEO of FTX is “ready” to provide testimony on his trading service’s collapse during the Senate hearings.
SBF asserts that he is prepared to take the stand at the US court proceedings on the descent of FTX, despite having missed the deadline for responding.
The Testimony
Bankman-Fried sparked disputes earlier this week when he failed to show up and give testimony at a Senate Banking Committee hearing about FTX’s bankruptcy as requested by them by the deadline.
In a series of tweets posted on December 14th, the ailing former Chief executive officer moved while a possible congressional subpoena is being considered. In response to several tweets from Rep. showed that it had adequate info by providing evidence.
Waters emphasized that FTX has had an impact on thousands of people, and he was asked to bear witness that his understanding was “important” to Congressmen and “important” to the US citizens.
It took Bankman-Fried four days to respond to Waters’ message on Twitter. Former leaders of two infamous crypto-related corporations claimed that they had difficulty responding because they lacked admittance to both personal and professional information.
The response of the CEO and the media
The stock market crash and his own “mistakes,” he continued, were the possible ways for the whole crisis to start and, in the end, to the industry winter that is still seen on the stock market.
He also said that he seeks to provide information and insight into FTX US’s solvency and American customers.
He added that the general cryptocurrency community has criticized him and the mainstream media for their alleged propensity to portray the infamous CEOs as affected by misfortunes, but they have defied their criticism.
By highlighting operational issues with the now-defunct company that overwhelmed investors and left them with unanswered questions, Bankman-Fried attempted to reassure users on Twitter, writing that he viewed himself as a role-model Chief executive officer who never became unfocused or slack.
As the FTX US president, Bankman-Fried appears to be attempting to win more sympathy. The difference between him earlier and him today, which is under increasing force from the state, can teach people something, he thinks.