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FTX Hearing Will Continue Without SBF Following His Arrest in the Bahamas

The United States House Financial Services Committee plans to move forward with FTX’s hearing scheduled for Tuesday, December 13, despite the arrest of the company’s disgraced founder and former CEO, Sam Bankman-Fried (SBF).

According to a press release, Congresswoman Maxine Waters, chairwoman of the committee, disclosed that the hearing would be held, starting with testimony from FTX’s new CEO, John Ray.

Unfortunately, the former billionaire was arrested Monday night in the Bahamas due to criminal charges filed by U.S. prosecutors. The Royal Bahamas Police Force is detaining him as orders for his extradition are likely to be issued soon.

Upon news of his arrest, Congresswoman Waters insisted that the hearing must be held as the public is looking for answers on the events that led to FTX’s bankruptcy.

See related article:

SEC Charges Sam Bankman-Fried for Defrauding Equity Investors

 What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in the Bahamas

SBF Charged With Conspiracy, Wire Fraud, Money Laundering by Justice Department, Securities Violations by SEC

Sam Bankman-Fried Blames CZ For The FTX Collapse

FTX Token FTX Token $2.73
-5.05%
FTX Sam Bankman-Fried
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