Sign Up on MEXCSBF Lawyers Fails To Retort Testimony Call; What’s Next?
Sam Bankman-Fried (SBF), former CEO of collapsed FTX crypto exchange is maintaining its media presence amid the mounting legal troubles. Earlier, SBF announced that he is willing to testify in front of the key US Senate committee over the FTX crash. Meanwhile, reports suggest that his lawyers have failed to respond to the hearing request.
Will SBF make it to the Committee?
Eleanor Terrett, Journalist at FoxBusiness reported that SBF and his lawyer were unable to reply to the Senate Banking and Housing Democrats committee’s appeal to testify. The hearing was scheduled to happen on the coming Wednesday.
She mentioned that Senator Pat Toomey has committed that the committee will continue to work on appearing before Congress.
Earlier, SBF in a Tweet highlighted that he would feel like appearing before the committee to explain the situation. However, he will be doing this after learning and reviewing what led to this disaster.
More troubles for FTX Ex-CEO?
As per reports, the Senate Committee on Banking, Housing, and Urban Affairs said that it is important that SBF should provide transparency and accountability to the people.
Senator Brown and Senator Toomey are willing to push a subpoena against Bankman-Fried if he doesn’t choose to appear voluntarily. However, SBF has been facing investigations and class action lawsuits trying to get details around the FTX collapse.
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Bitcoin Will 200x From Here, Twenty One Capital CEO Says as BTC Breaks $117K After Fed Rate Cut
- BNB Chain Takes Lead in RWA Tokenization, Expert Sees BNB Rally to $1,300
- Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
