Everyone Sam Bankman-Fried Planned To Blame In Front Of Congress Today — Before He Was Arrested
was planning to testify before Congress on Tuesday about the dramatic collapse of his cryptocurrency exchange., as his much anticipated congressional appearance is now unlikely. Bankman-Fried is reportedly being held in custody awaiting likely extradition to the United States where he is expected to face criminal charges,
Bankman-Fried complained that he’s reached out multiple times to John J. Ray III, a seasoned restructuring lawyer who oversaw Enron’s bankruptcy proceedings and who assumed the role of FTX CEO during the company’s own Chapter 11 filing. “Mr. Ray has never responded, nor has he reached out to me to communicate in any other ways.
As FTX scrambled for options, Bankman-Fried signed a letter of intent for Binance to acquire his company, which prevented FTX from courting other potential investors. “During that time, I received serious expressions of interest from multiple potential investors who represented billions in capital that could have gone to customers,” Bankman-Fried wrote in his prepared remarks. “I was inhibited in responding by the LOI.
“He has not responded, for instance, to an email of mine that stated: ‘I have potentially pertinent information concerning future opportunities and financing for FTX and its creditors. I also believe that I have relevant financial information about FTX US, and further that I have potentially relevant regulatory information concerning FTX.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everyone SBF Planned To Blame In Front Of Congress Today — Before He Was ArrestedIn the testimony Sam Bankman-Fried intended to give in front of Congress before he was arrested, obtained by Forbes, the former FTX CEO says he “fucked up” — and then goes on to target others involved in the company's demise and bankruptcy proceedings.
Read more »
SBF planned to blame everyone but himself, shows leaked Congress testimonySBF was arrested on Dec.12, just a day before his testimony before Congress. Now, the copy of his testimony shows the CEO had no intentions of admitting guilt for his actions.
Read more »
Exclusive Transcript: The Full Testimony SBF Planned To Give To CongressBefore he was arrested, Forbes obtained a draft of Bankman-Fried's full testimony and is publishing it here, verbatim
Read more »
Exclusive Transcript: The Full Testimony SBF Planned To Give To CongressBefore he was arrested, Forbes obtained a draft of Bankman-Fried's full testimony and is publishing it here, verbatim
Read more »
Exclusive Transcript: The Full Testimony SBF Planned To Give To CongressBefore he was arrested, Forbes obtained a draft of Bankman-Fried's full testimony and is publishing it here, verbatim
Read more »