Dilapidated FTX CEO Sam Bankman-Fried spoke back to an invite from lawmakers to testify on the subsequent Congressional listening to, asserting he would possibly perhaps now now not be ready as early as next week.

In a Dec. 4 tweet addressed to Get. Maxine Waters and the House Financial Services Committee, Bankman-Fried acknowledged he “will testify” before Congress once he has “completed discovering out” the entirety that came about at FTX.

“After I if truth be told have completed discovering out and reviewing what came about, I would if truth be told feel admire it used to be my accountability to seem before the committee and model,” tweeted Bankman-Fried.

“I’m now now not clear that can occur by the thirteenth. But when it does, I will testify,” he added.

Bankman-Fried’s response comes two days after Get. Waters invited him to enlighten on the Dec. 13 listening to, asserting that the lawmakers appreciated how candid he has been in addressing what came about at FTX to the final public

The invitation itself introduced about appreciable outcry from the crypto community, most of whom imagine Bankman-Fried would possibly perhaps light already be in custody of U.S. authorities.

The public change between Get. Waters and Bankman-Fried on a platform admire Twitter will seemingly be unfamiliar, given the reality that the rules stipulate that the House Committee would possibly perhaps subpoena the FTX founder straight and place a query to he make an look on the listening to.

Primarily based on Jake Chervinsky, the head of coverage on the Blockchain Association, Bankman-Fried’s reluctance to take a look on the listening to has one thing to finish with the image of apparent incompetence with admire to FTX’s affairs he has been painting in most fresh interviews on the DealBook Summit and Ultimate Morning The United States.

“Translation: he doesn’t thoughts mendacity to Andrew Ross Sorkin or George Stephanopoulos, but mendacity to Congress below oath is much less attention-grabbing,” acknowledged Chervinsky in a tweet.

Bankman-Fried’s are attempting and categorise FTX’s alleged misappropriation of funds as an $8 billion accounting mistake does now now not take a seat smartly with a entire lot of crypto industry proponents

“I don’t care how messy your accounting is (or how smartly to set you are) – you’re positively going to leer at the same time as you glimpse an extra $8B to consume. Even the most gullible person would possibly perhaps light now now not imagine Sam’s claim that this used to be an accounting error,” tweeted Coinbase CEO Brian Armstrong over the weekend.

“It’s stolen customer money vulnerable in his hedge fund, dead and simple,” acknowledged Armstrong.