Sam Bankman-Fried was arrested last night in the Bahamas. At the start of the day, he refused to appear physically at a hearing before the House of Representatives. However, during the last weekend, he had nevertheless declared that he had no reluctance to answer questions from the competent authorities.
Did Sam Bankman-Fried slip away?
It was undoubtedly one of the most anticipated events of this end of the year in the crypto universe. But the hearing of the ex-boss of FTX before the Finance Committee of the House of Representatives, scheduled for this Tuesday, will ultimately not see the physical presence of the person concerned. In fact, he was arrested on Monday evening. Earlier in the day, he withdrew from running due to “paparazzi effect” that his presence would provoke.
However, Sam Bankman-Fried assured that he would attend by videoconference. Furthermore, he has declared that he expected his testimony to be disappointing. Since he is now under arrest, none of this will be possible.
“I respect people’s position on this. However, it is very difficult for me to move and travel at the moment. The paparazzi effect is quite significant”, did he declare. He added that he would also not be attending another Senate Banking Committee hearing on Wednesday.
US lawmakers had planned to question Sam Bankman-Fried about FTX’s collapse, its handling of client funds, and more.
Sam Bankman-Fried’s appearance was supposed to be his first public appearance before US lawmakers. If many people initially criticized “the alibi” that he advanced to miss the hearing, they now say they are happy that he was arrested. On Twitter, a member of the crypto community said his audience with the House of Representatives would only have allowed him to repeat more that he is innocent. For him, the most important thing is done. It’s the arrest of Sam Bankman-Fried.
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