Crypto community baffled by SBF dictating terms over congressional hearing


Sam Bankman-Fried, the previous CEO of now-bankrupt cryptocurrency change FTX has declined to testify before the United States Congress till he’s “completed studying and reviewing what occurred.”

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 group. After a spiral collapse of the FTX and its sister companies within the second week of November, Bankman-Fried made his first reside public look on Nov. 30 through the New York Instances’ DealBook Summit. A day later, he appeared in a Good Morning America interview and a Twitter area hosted by IBC Group founder and CEO Mario Nawfal.

Alex Berenson, an writer by career, took a quip at Bankman-Fried’s refusal to testify regardless of his media frenzy and stated that the previous CEO is “joyful to speak to anybody and everybody… simply so long as he’s not beneath oath.”

Associated: Regulators face public ire after FTX collapse, experts call for coordination

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

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

A preferred crypto influencer that goes by the Twitter identify Crypto Bull referred to as Bankman Fried, a “Democrat rat” who stole $8 billion in individuals’s cash with out dealing with any penalties whereas there are individuals in jail for smoking marijuana.

One other Twitter consumer called it a shame {that a} man who stole cash from clients has the leisure to dictate phrases with Congress. The consumer wrote:

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

Many within the crypto group have questioned the lawmakers in 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.