Keep Talking: Disgraced Crypto King's High-risk Strategy [Barron's]
New York Times Company (The) (NYT)
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Source: Barrons
As the architect and former CEO of a bankrupt enterprise that cannot account for billions of dollars in missing customer funds, Bankman-Fried faces scrutiny from regulators, prosecutors and politicians. Bankman-Fried's media blitz will head to Washington on Tuesday where the 30-year-old has agreed to testify before the House Financial Services Committee at a hearing about the crypto exchange's overnight collapse. The testimony in the US capital will mark a throwback to the heady period before FTX's sudden implosion last month, when the mop-haired computer whiz was feted in Washington as a respectable face for cryptocurrency who doled out tens of millions of dollars in political donations. "By speaking out, Mr. Bankman-Fried is putting himself in greater jeopardy and acting contrary to what competent counsel would advise a client," said Jacob Frenkel, a former Justice Department prosecutor at Dickinson Wright. As much as anyone, Bankman-Fried had embodied the apparent arrival
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