Rep. Ritchie Torres (D-N.Y.) told CoinDesk TV’s “First Mover” on Wednesday FTX CEO Sam Bankman-Fried is a “pathological liar.” Torres, a member of the House Financial Services Committee, added that “there’s evidence to suggest this much.”
Torres said the details of FTX’s failure he heard during the hearing were “shocking,” confirming his belief Bankman-Fried “perpetrated a Ponzi scheme,” mishandling millions of dollars worth of customer funds.
“My ties to him are minimal,” Torres said. In March he and seven other House members wrote to the Securities and Exchange Commission (SEC) criticizing the government regulator’s efforts in probing FTX and U.S.-based crypto exchange Coinbase.
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