- Sam Bankman-Fried said he’d testify to Congress remotely from the Bahamas.
- He stated this was because he was “quite overbooked,” and experienced stability fears about “paparazzi.”
- Hours afterwards, he was arrested by Bahamian authorities, and on Tuesday, was charged with fraud.
Sam Bankman-Fried explained he envisioned to testify to Congress remotely from the Bahamas simply because of worries in excess of “paparazzi,” in an job interview with possibilities flow system Strange Whales, on Monday, just hrs ahead of his arrest.
Bankman-Fried appeared in a Twitter Area with Uncommon Whales though actively playing video clip game titles and said he would not be testifying to Congress in-person on Tuesday, and he would in its place be “calling in,” from his Bahamas home. When requested why, he claimed he was “pretty overbooked” and cited stability fears about “paparazzi.”
He said that he necessary to “get a superior take care of,” on his safety, since “it can be very challenging for me to move appropriate now and journey for the reason that the paparazzi effect is very large.”
Bankman-Fried experienced been established to testify just before the Property Financial Providers Committee on Tuesday about how his crypto lending organization FTX went bankrupt, and would be questioned by lawmakers about his information of the misuse of money at the firm.
In the Twitter Room, he also reported that he wasn’t fearful about becoming detained if he stepped foot in the US expressing: “I don’t imagine I would be.”
Bankman-Fried was then arrested by Bahamian authorities hours just after the interview based on a “sealed indictment,” filed by the US Attorney’s Business, Southern District of New York.
The indictment was unsealed Tuesday morning and alleged that Bankman-Fried executed a “enormous, decades-extensive fraud” towards FTX prospects.
“We allege that Sam Bankman-Fried created a residence of cards on a basis of deception while telling traders that it was a person of the safest structures in crypto,” mentioned SEC Chair Gary Gensler in a statement.
In November, Bankman-Fried’s crypto corporations FTX and Alameda Research filed for Chapter 11 bankruptcy, and he resigned as CEO. The collapse uncovered the misuse of FTX client resources, which ended up funneled into Alameda Analysis, Bankman-Fried’s crypto hedge fund.
Bankman-Fried embarked on an apology tour in the wake of FTX’s collapse, stating he could’ve averted these issues if he experienced just used additional time imagining about danger management.
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- Sam Bankman-Fried said he’d testify to Congress remotely from the Bahamas.
- He stated this was because he was “quite overbooked,” and experienced stability fears about “paparazzi.”
- Hours afterwards, he was arrested by Bahamian authorities, and on Tuesday, was charged with fraud.
Sam Bankman-Fried explained he envisioned to testify to Congress remotely from the Bahamas simply because of worries in excess of “paparazzi,” in an job interview with possibilities flow system Strange Whales, on Monday, just hrs ahead of his arrest.
Bankman-Fried appeared in a Twitter Area with Uncommon Whales though actively playing video clip game titles and said he would not be testifying to Congress in-person on Tuesday, and he would in its place be “calling in,” from his Bahamas home. When requested why, he claimed he was “pretty overbooked” and cited stability fears about “paparazzi.”
He said that he necessary to “get a superior take care of,” on his safety, since “it can be very challenging for me to move appropriate now and journey for the reason that the paparazzi effect is very large.”
Bankman-Fried experienced been established to testify just before the Property Financial Providers Committee on Tuesday about how his crypto lending organization FTX went bankrupt, and would be questioned by lawmakers about his information of the misuse of money at the firm.
In the Twitter Room, he also reported that he wasn’t fearful about becoming detained if he stepped foot in the US expressing: “I don’t imagine I would be.”
Bankman-Fried was then arrested by Bahamian authorities hours just after the interview based on a “sealed indictment,” filed by the US Attorney’s Business, Southern District of New York.
The indictment was unsealed Tuesday morning and alleged that Bankman-Fried executed a “enormous, decades-extensive fraud” towards FTX prospects.
“We allege that Sam Bankman-Fried created a residence of cards on a basis of deception while telling traders that it was a person of the safest structures in crypto,” mentioned SEC Chair Gary Gensler in a statement.
In November, Bankman-Fried’s crypto corporations FTX and Alameda Research filed for Chapter 11 bankruptcy, and he resigned as CEO. The collapse uncovered the misuse of FTX client resources, which ended up funneled into Alameda Analysis, Bankman-Fried’s crypto hedge fund.
Bankman-Fried embarked on an apology tour in the wake of FTX’s collapse, stating he could’ve averted these issues if he experienced just used additional time imagining about danger management.
