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Sam Bankman-Fried Ghosts Senate for Testimony on FTX Collapse

Former FTX CEO Sam Bankman-Fried and his attorney did not respond to the Senate Banking Committee's demand that he testify or otherwise cooperate with an investigation into his failed corporate empire. 

“Sam Bankman-Fried’s counsel did not respond by the stated deadline. We believe it’s important that Bankman-Fried show he is willing to provide transparency and accountability to the American people by providing testimony,” the committee's leaders, Sens. Sherrod Brown, D-Ohio, and Pat Toomey, R-Pa., said in a statement issued late Thursday. “We will continue to work on having him appear before Congress as detailed in Wednesday’s letter.”

That letter threatens Bankman-Fried with a congressional subpoena if he doesn't cooperate, with the pair setting a deadline of 5 p.m. EST today. The Banking Committee scheduled a hearing on the topic for next Wednesday. 

Sam Bankman-Fried FTX
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