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Virtual Testimony: Is FTX Founder Avoiding Arrest?

  • SBF stated during a Twitter conversation that he would be giving his evidence via video call as opposed to in person.

  • This has led many people to wonder if SBF fears being detained and imprisoned if he crosses American territory.

Virtual Testimony: I

SBF acknowledges testifying by video, but is the FTX founder 

Purposefully delaying travel to the United States due to concerns over potential jail time?

In the United States, Sam Bankman-Fried, the founder and former CEO of FTX, is slated to appear before a House committee on Tuesday as officials look into his participation in the events that followed the collapse of the cryptocurrency exchange. SBF, however, made it clear during a Twitter chat that he would be giving his testimony by video call rather than in person. This has caused many people to question whether sbf is afraid of being arrested and sent to jail if he enters American land.

SBF Will Video Testify

The newly appointed FTX CEO John J. Ray III and Bankman-Fried will testify before the House Committee subcommittee on Tuesday, according to a statement from the panel. Late on Friday, the statement was made public.

SBF acknowledged his video call participation when asked about his testimony before the Congress on Friday in a Twitter space with over 19K users. However, when a participant inquired as to why he did not attend the Congressional hearing in person, SBF gave the excuses of security, paparazzi, and time-saving.

Can SBF go to jail?

Some former American officials and distinguished lawyers, though, believe it's for a different cause. Braden Perry, a former senior trial lawyer for the U.S. Commodity Futures Trading Commission, thinks that SBF's attempt at a video chat is a cunning means of evading arrest by American authorities.

Michael Zweiback, a well-known criminal defence attorney in Los Angeles, agreed with Braden and stated, The Southern District of [New York] has the authority to detain him on the basis of a complaint and probable cause, and they have the right to seek an indictment from a grand jury afterwards.

Naturally, SBF should be afraid about getting detained at any time. said Mark Kornfeld, an attorney with the Pennsylvania-based Buchanan Ingersoll Rooney law firm.

SBF Responds To Fears Of Jail

SBF immediately said, "I don't think I will be jailed," in response to a question from the audience about if he worried going to jail when travelling from his home in the Bahamas to the United States.

Additionally, Sam Bankman-Fried has been invited to the Senate hearing, which could take place later this month. SBF responded haltingly, "I'm not currently scheduled to do that, but I'm open and willing to have a dialogue if it's deemed to be significant," when questioned about his opinions. However, his tone suggested that he was being casual.

SBF also acknowledged that he was playing video games throughout the two-hour Twitter space conversation.

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