After the controversial interview between Sam Bankman-Fried and journalist Andrew Ross Sorkin at the New York Times DealBook Summit, the SBF received a friendly invitation on December 13 from Congressman Waters to understand what happened during the FTX crash.
However, the SBF declined Waters’ invitation, saying that he did not feel it was the appropriate time to appear before the committee to explain all the events that led to the bankruptcy of FTX, the second largest crypto exchange in the United States.
Rope. Water Committee and Parliament:
When I finished learning and going over what happened, I felt it my duty to stand before the board and explain.
I’m not sure this will happen on the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt
– SBF (SBF_FTX) December 4, 2022
According to a tweet exchange between Waters and the SBF, the former FTX CEO stresses that he is confident that “FTX US has been able to deliver on its commitments.” The SBF said that all US customers can be made complete, adding that it is confident that FTX US can still fulfill its obligations.
Expanding on DealBook:
When I placed an order, I was absolutely sure that FTX US could fulfill its obligations and that all US clients could be complete.
As far as I know it still is today.
I expected that to happen. I’m surprised it didn’t. I’m not sure why US withdrawals are closed.
– SBF (SBF_FTX) December 1, 2022
The second time was not very pleasant
On December 5, Waters went from thanking the SBF to asking him to appear at the 13th bankruptcy hearing for a platform that has injured more than a million people.
As you know, the FTX collapse affected more than 1 million people. Not only will your testimony be meaningful to members of Congress, but it will also be important to the American people. (2/3)
– Maxine Waters (@RepMaxineWaters) December 5, 2022
Waters can’t seem to buy into the SBF story. She told the SBF that his role as CEO, as well as interviews he conducted in person and on the phone, despite numerous warnings from his attorneys, indicated that the information he had was sufficient to be used as testimony. She was crystal clear in her latest tweet
It is essential that you attend the hearing on the 13th, and we are willing to schedule further hearings if there is more information to share later. (3/3)
– Maxine Waters (@RepMaxineWaters) December 5, 2022
So the SBF will have to confront regulators to explain with evidence how he ran a company that achieved a valuation of more than $32 billion in bankruptcy in a week.
The billionaire has a personal wealth of more than $24 billion, which is one of the largest wealth of cryptocurrency investors. However, there are still some unanswered questions regarding SBF’s personal wealth and its perception of how it handles its clients’ money.
Crypto fans describe SBF as “cynical” and “sociable”
Some media outlets, such as Fortune, called SBF a “delusional sociopath” and said his interview was filled with lies and whining as a way of expressing a persona created for the media with the intent of conveying pity rather than guilt.
“[The interview was] A 45-minute show of delusion and sociopathy as the disgraced founder of FTX whines, rants, and does nothing but admit responsibility for this year’s financial crimes.”
Elon Musk was a billionaire chirp that SBF should be a “time out for adults in the big house and move on.” Similarly, Mike Novogratz said in a an interview He told CNBC that the SBF should be given a prison sentence for his role in the company’s collapse because in his last interview he “gloated about what happened and was guilty of it.”
Don’t play Maxine Waters job with SBF. He says it is necessary to attend their hearing appeared first on CryptoPotato.