Disgraced FTX founder Sam Bankman-Fried says he is willing to testify before Congress

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“I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected,” Bankman-Fried continued, noting that this belief “made it that much more destructive” when everything colllapsed.

“I’m sorry,” he added. “Hopefully people can learn from the difference between who I was and who I could have been.”

Users had mixed feelings on Bankman-Fried‘s decision to testify, and called on the Committee to ensure that they don’t waste the opportunity.

Waters had stated during a private meeting on Tuesday that she didn’t plan on subpoenaing Bankman-Fried to testify at the upcoming hearing, telling Securities and Exchange Commission Chair Gary Gensler that she wanted her fellow committee members to convince Bankman-Fried to testify of his own volition.

On December 4, Bankman-Fried responded to Waters’ original request by stating that he would testify eventually, but that he would likely not be ready by the 13th.

“Once I have finished learning and reviewing what happened,” he said, “I would feel like it was my duty to appear before the committee and explain.”

Nine members of Waters’ committee had received donations from SBF to the tune of $300,000. Only one member has since returned the money.

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