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FTX’s Sam Bankman-Fried to testify before Congress next week

Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’

Sam Bankman-Fried is set to testify before Congress next week about the collapse of FTX, as regulators investigate the cryptocurrency exchange he led until its recent demise.

The US House Committee on Financial Services said in a statement on Friday that the panel would hear from FTX’s newly-appointed CEO, John Ray, and from Bankman-Fried on 13 December.

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