Sam Bankman-Fried, the previous CEO of now-bankrupt cryptocurrency alternate FTX has declined to testify earlier than the United States Congress till he’s “finished learning and reviewing what happened.”

Rep. Waters, and the House Committee on Financial Services:

Once I’ve completed studying and reviewing what occurred, I’d really feel prefer it was my obligation to seem earlier than the committee and clarify.

I’m undecided that may occur by the thirteenth. But when it does, I’ll testify.

— SBF (@SBF_FTX) December 4, 2022

Bankman Fried’s unwillingness to testify earlier than the Congress slated for Dec. 13, regardless of a barrage of media appearances, didn’t go down properly with the crypto community. After a spiral collapse of the FTX and its sister firms within the second week of November, Bankman-Fried made his first stay public look on Nov. 30 throughout the New York Times’ DealBook Summit. A day later, he appeared in a Good Morning America interview and a Twitter house hosted by IBC Group founder and CEO Mario Nawfal.

Alex Berenson, an creator by occupation, took a quip at Bankman-Fried’s refusal to testify regardless of his media frenzy and mentioned that the previous CEO is “happy to talk to anyone and everyone… just as long as he’s not under oath.”

Related: Regulators face public ire after FTX collapse, consultants name for coordination

Zerohedge, a preferred libertarian monetary weblog, mocked the entire debacle and the way Bankman Fried has managed to dictate terms with the lawmakers.

“It may take me 50 years to learn what happened in the company I ran, but by god I SWEAR it will be my duty to appear before Congress… some time in 2089”

— zerohedge (@zerohedge) December 5, 2022

Another consumer pointed towards the hefty donations made by the previous CEO to the democratic occasion, implying that his donations have given him leverage to get away with stealing folks’s cash whereas telling Congress when he’ll testify.

That’ll be ok for @RepMaxineWaters. Whenever you’re prepared, Sam. Take your time. After all, Sam and his household have been excellent to Democrats.

Like, (D)elightfully good.

— Viva Frei (@thevivafrei) December 5, 2022

A well-liked crypto influencer that goes by the Twitter title Crypto Bull referred to as Bankman Fried, a “Democrat rat” who stole $8 billion in folks’s cash with out going through any penalties whereas there are folks in jail for smoking marijuana.

There are folks on this nation rotting in jail for all times, as a result of they smoked a couple of joints. Meanwhile this Democrat rat stole 8 billion {dollars}, roaming free and dictating Congress when he’ll seem. What the precise fuck?

— CryptoBull (@CryptoBull2020) December 5, 2022

Another Twitter consumer referred to as it a shame {that a} man who stole cash from clients has the leisure to dictate terms with Congress. The consumer wrote:

“He shouldn’t have the option of “at his leisure” – they should subpoena him to indicate up and get {the handcuffs} prepared. Learning what occurred is a whole lie.”

Many within the crypto community have questioned the lawmakers within the U.S. over their failure to behave swiftly in opposition to the disgraced CEO. Others have pointed towards Bankman-Fried’s hefty donations to Democrats and his political affiliations.


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