New FTX CEO John Ray is scheduled to testify before the U.S. House Financial Services Committee on Dec. 13. FTX founder Sam Bankman-Fried was also scheduled testify remotely from the Bahamas, but this remains uncertain now that he has been detained by Bahamian law enforcement. This comes after a U.S. court shared a sealed indictment with the authorities of the island nation.
FTX filed for U.S. bankruptcy protection on Nov. 11, and Bankman-Fried resigned as CEO on the same day.
Ray replaced Bankman-Fried as chief executive to oversee the bankruptcy proceedings and locate missing funds. Ray, who was responsible for the liquidation of failed energy company Enron, said he’s never encountered anything like FTX….