Watch FTX CEO's Entire Testimony to Congress in December 2021

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Published 2022-11-18
In December 2021, Congress held a hearing, titled, Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States. At the hearing was former CEO Sam Bankman-Fried. Watch his complete testimony in this video.

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All Comments (21)
  • @AndriSalim
    He sounds and looks like a good guy. Hope he has a long life, about 115 years old.
  • What a fine, upstanding young man! Looking forward to what he accomplishes in the future!
  • @jegjg001
    This just goes to show how people can seem eloquent in speech and serpents in their soul
  • @denizc3318
    "We've never had customer losses, clawbacks or anything like that"...This didn't age well
  • @mimih23
    He seems to know how his business runs during this testimony. 🤷🏾‍♀️🤷🏾‍♀️
  • @whateva8964
    Wow - everything he said about risk and what they were doing to mitigate it, segregating his customer funds, and what he said they were not doing so that they were not like the 2008 collapse was a complete lie. "Robust risk engines"?!? Unreal. What a liar, hiding behind industry "speak". He deserves all the prison time he gets.
  • His confidence here is shocking.. in hind sight he is very very knowledgeable of what his company is doing and will do.. and now he is pleading lack of knowledge
  • @user-ny5gv3ge8c
    Never seen a man more honest and noble in my life! His prison mates will treat him very well.
  • Amazing how Sam can speak so clearly, So on Top of the way thing's are laid out So goodie good Yet today we hear from a far different man much stuttering much not knowing how the business was ran not knowing so much one could almost think these are two different people but their not this is the same guy that took you & others for every dime you had trusted him with. Do you believe the lie's? No, I don't, no chance, this dude took it cut and ran & now he plays dumb dumb..
  • @RoughTake
    No one was considering, or asking about an insider threat. He held all the keys without any restrictions or oversight. Who could have saw this coming.
  • @steealsfreek
    Why does it seem like this testimony sounds more like regulators asking this scam artist about how to design their future systems, instead of calling out the actual scam, as it's now widely known?
  • We have a transparent system, yup he actually proclaimed that to the congressional committee, whilst trying to further restrict oversight. What a piece of work.
  • @jdubbleu1011
    This aged well Particularly the risk management stuff
  • @jdaviecal
    The woman who took donations from him is on the council, how crooked is that?
  • @mryee5540
    All of those licenses and none required verifying what he was doing with customer funds.