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Senate Banking hearing set to take aim at FTX and cryptocurrency industry: 'The largest Ponzi scheme in history'

Por: CNBC Politics December 14, 2022

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The Senate Banking Committee on Wednesday is holding a second day of hearings this week on the downfall of cryptocurrency exchange FTX, examining how the company's implosion could impact the nascent industry.On Tuesday, FTX's new CEO John J. Ray testified in front of the House Financial Services Committee where he accused former executives, including founder and former CEO Sam Bankman-Fried, of embezzling customer funds.This is really... + full article



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