Sam Bankman-Fried says he is willing to testify before Congress about the failure of his FTX cryptocurrency exchange but that he might not be ready by Dec. 13, when House Democrats will hold a hearing.
The Bahamas-based crypto exchange collapsed in November after reports about its relationship with another trading partner sparked massive withdrawals and bankruptcy filings.
The debacle left customers scrambling to recover their money and sparked a flurry of congressional statements about the need for stricter oversight of the crypto markets.
“Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain,” Mr.