Senators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in 'an unprecedented abdication of accountability.'
Fox News contributor Andrew McCarthy says disgraced FTX founder Sam Bankman-Fried could face a 'very, very high' federal sentencing.on Monday in connection with pending charges in the U.S., the bipartisan leaders of the Senate Banking Committee put out a statement blasting him for refusing to testify at a hearing on the implosion of the cryptocurrency exchange he founded.
Sam Bankman-Fried, founder and former CEO of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Brown and Toomey said they will continue to work to secure Bankman-Fried's appearance before the committee despite his lawyers declining a subpoena for his testimony: "Given that Bankman-Fried's counsel has stated they are unwilling to accept service of a subpoena, we will continue to work to have him appear before the Committee. He owes the American people an explanation."
House Financial Services Chair Maxine Waters said on Friday said she wants FTX founder Sam Bankman-Fried to testify at the panel’s Dec. 13 hearing on the cryptocurrency collapse
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