FTX founder Sam Bankman-Fried has announced he will testify before the United States Congress after taking time to review the implosion of his cryptocurrency exchange.
Bankman-Fried says he would appear before the US House Committee on Financial Services after he finished learning and reviewing the events that led to FTX filing for bankruptcy last month.
Bankman-Fried wrote the tweet in reply to Maxine Waters, the Democratic congresswoman who chairs the committee, after she invited him to appear at a hearing scheduled to examine FTX’s collapse.
Bankman-Fried, who once ranked among the world’s richest men, last week denied he had ever intended to defraud anyone while acknowledging he had made a “lot of mistakes” in his handling of the crypto company.
Bankman-Fried says he had no knowledge of being the subject of a criminal investigation and denied knowingly commingling investors’ funds with affiliated trading firm Alameda.