Shulou(Shulou.com)11/24 Report--

On Monday, the U.S. Senate Banking Committee said Sam Bankman-Fried, former CEO of FTX, a cryptocurrency exchange, refused to testify about his company's internal collapse at this week's hearing.

Lawyers for the crypto platform founder also said Bankman Fried, who lives in the Bahamas, would not accept a subpoena forcing him to testify before the committee, senators said.

The latest news shows that Bahamian authorities arrested the former crypto billionaire. Bahamas Attorney General Ryan Pinder said the United States had filed unspecified criminal charges against Bankman Fried and "may seek his extradition."

Bankman-Fried was scheduled to appear Tuesday before the House Financial Services Committee for a hearing that would focus on the bankruptcy of his company.

In a joint statement, Senators Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, and Pat Toomey, a senior Pennsylvania Republican, said they had "offered two different dates for Sam Bankman-Fried's testimony before the Senate Banking Committee and the Housing and Urban Affairs Committee and are willing to accept video testimony." "

"He refused to testify in an unprecedented manner of buck-passing," they said. "Given that Bankman Fried's lawyers have indicated they are unwilling to accept subpoenas, we will continue to work to have him appear before the committee. He owes the American people an explanation. "

Bankman-Fried said he has no plans "at this time" to testify at the hearing. In an interview with Twitter Spaces, he noted that he was "likely and willing" to appear before the committee for dialogue.

Brown and Toomey recently threatened in a letter to Bankman Fried that they would subpoena him if he "chose not to attend" the hearing.

After the FTX collapsed within days, Bankman Fried was called to testify before the Senate Banking Committee. FTX reportedly transferred billions of dollars of client money to Bankman Fried's trading firm Alameda Research before the company collapsed.

In their letter demanding Bankman-Fried's testimony, Brown and Toomey wrote,"There are still many unanswered questions about how customer funds were misappropriated, how customers were prevented from withdrawing their own funds, and how you orchestrated a cover-up. "

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