UPDATE: Bankman-Fried Of FTX To Testify Before Congress?

As we have previously written, the FTX scandal stands at the intersection of many political ‘conspiracies’ over the last 2 years.

So rarely do we get an explanation that can account for so much government corruption, but the collapse of FTX is one of those rare moments.

One question is on everyone’s minds and ProCoin News wasn’t afraid to ask:

Crypto pundits, investors, enthusiasts, and entrepreneurs are all asking the same thing: why isn’t Sam Bankman-Fried in jail for his alleged role in the collapse of FTX? Why is the Tornado Cash developer currently languishing in prison for coding an app, while SBF is allowed to remain free, living high on the hog?

By many accounts, the FTX collapse is far worse than the Madoff scandal, yet Bankman-Fried is on a public relations speaking tour hosted by outlets such as The New York Times…

This may change soon, as increased pressure is being placed on the former C.E.O of FTX to testify before Congress.

High-ranking Democrats like Maxine Waters are now calling for SBF to testify; however, Bankman-Fried has given little indication, if any, that he will testify…

His attitude is more reminiscent of a teenager telling a parent that they will “get to it when they get to it”…

Could this increased pressure and the seeming push by Waters represent mere theater? Do Democrats, in particular, ever intend to force an SBF testimony before Congress?

Any mention of the now disgraced, former C.E.O is overwhelmingly negative among members of the public, yet government officials and the media still seem to be coddling the now-disgraced businessman:

It's Monday, December 5, 2022, and Sam Bankman-Fried is still free in the Bahamas.

Let that sink in. pic.twitter.com/6qWnCIRhap

— Truthseeker (@Xx17965797N) December 6, 2022

BREAKING REPORT: Musk Drops Bombshell Accusations – FTX Crypto Exchange CEO Sam Bankman-Fried DONATED MORE THAN $1-BILLION to Democrats – 'Where did it go?'

— Chuck Callesto (@ChuckCallesto) December 5, 2022

CoinMarketCap reports:

The California Democrat’s Committee is investigating the collapse into bankruptcy of his FTX Exchange and Alameda Research trading firm — which allegedly “borrowed” and lost up to $10 billion of FTX customers’ money.

The opening gambit of her Twitter invitation to Bankman-Fried read:

“@SBF_FTX, we appreciate that you’ve been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.”

99.9% Pure Investor Grade Silver Trump Collector Coins!

 

Crypto Bro and his accomplices belong in jail, not buying politicians with PAC money.
We must end Citizens United, or scammers like him will own our government.

Disgraced crypto exec Sam Bankman-Fried spent big in two SoCal Congress races https://t.co/qbD0mnWlqG

— Richard W. Painter (@RWPUSA) December 6, 2022

I would like to personally thank our members of congress, journalists, but especially Sam Bankman-Fried, for so thoughtfully making your corruption plainly visible to the American people. It's so convenient, and much appreciated.

— Joanne Mason (@JoanneMason11) December 2, 2022

SBF’s response was relayed via The Epoch Times:

Bankman-Fried replied by saying he’ll testify—but only once he’s figured out “what happened” at FTX and feels moved by a sense of duty to testify.

“Rep. Waters, and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I’m not sure that will happen by the 13th. But when it does, I will testify.”