FTX Hearing

To Continue Without SBF

December 13, 2022 Story: Divya Sinha

The House Financial Services Committee hearings on the collapse of crypto exchange FTX will proceed as scheduled on


although SBF has been arrested .

SBF, former CEO of FTX was arrested by

Bahamian police late Monday .

According to the NYT's sources, SBF faces a list of charges including wire fraud,

wire fraud conspiracy , securities fraud, securities fraud conspiracy, and money laundering.

Maxine Waters,

Chairwoman of the U.S. House

Financial Services Committee said that she was "surprised" to hear of SBF arrest.

Also, she added that she is disappointed that he would therefore

not attend the hearing .

Waters also said that the American public

deserves to hear

directly from SBF about the actions that’ve harmed over one million people.

After the

FTX debacle,

SBF has given numerous media interviews despite being under criminal investigation.