Embattled ex-crypto mogul Sam Bankman-Fried agrees to testify to Congress on FTX collapse

Disgraced former cryptocurrency mogul Sam Bankman-Fried announced that he is willing to testify to the House Financial Services Committee next week regarding the collapse of his FTX exchange.

Bankman-Fried, facing increasing pressure, said on Twitter that he would testify at the hearing scheduled for Tuesday. He did not specify if he would testify virtually or in person, and he preemptively said there would be a limit to what he would be able to say.

The former billionaire has remained in his residence in the Bahamas since the stunning collapse of his cryptocurrency empire last month, fueling speculation that he won't leave the island nation out of fear he would be arrested. Notably, he didn't comment on a similar request to testify from the Senate Banking Committee.

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