House committee to question John J Ray III on FTX following Sam Bankman-Fried’s arrest – watch live

The hearing is underway. Congresswoman and committee chairwoman Maxine Waters started with an opening statement on the collapse of FTX.

She shared her disappointment that Bankman-Fried would not appear as planned to testify, saying it “denies the public the opportunity to get the answers they deserve”.

“Rest assured that this committee will not stop until we uncover the full truth behind the collapse of FTX,” she said.
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He was arrested yesterday in the Bahamas, and is now in deep legal trouble.

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