Sam Bankman-Fried, the disgraced former CEO of FTX, agreed on Friday to testify before the House Financial Services Committee under threat of a subpoena after a week of dodging.
“I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th,” Bankman-Fried wrote.
“I will try to be helpful during the hearing, and to shed what light I can on: –FTX US’s solvency and American customers –Pathways that could return value to users internationally –What I think led to the crash –My own failings,” he added. “I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected. Which made it that much more destructive when I did. I’m sorry. Hopefully people can learn from the difference between who I was and who I could have been,” Bankman-Fried continued.Which made it that much more destructive when I did.
I'm sorry. Hopefully people can learn from the difference between who I was and who I could have been.
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