FTX Collapse: Bankman-Fried Wants to Avoid Arrest on US Soil

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The Street

By Luc Olinga The deposed founder of the bankrupt cryptocurrency exchange will not testify in person before Congress on December 13. Sam Bankman-Fried wants to avoid the risk of being arrested as much as possible. The founder of the bankrupt cryptocurrency exchange FTX, who has been nicknamed on social media the “Bernie Madoff of crypto,” is due to testify on December 13 before the House Financial Services Committee, which is holding a hearing on the fall of his empire. The hearing, which is supposed to start around 10:00 a.m, according to a schedule released by the committee. It is divided in…

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