Crypto Report: SBF's House Hearing

The transcript discusses the ongoing issues surrounding FTX, focusing on the testimonies of John Ray and Sam Bankman-Fried. It highlights the allegations of fund commingling and lack of controls at FTX. Sam Bankman-Fried's statements about his responsibility and memory limitations are covered, along with the legal proceedings and media scrutiny. The transcript also touches on internal communications within FTX and the influence of political donations.

What are some of the allegations mentioned against FTX in the testimony?

• Insider trading

• Tax evasion

• Commingling of funds

• Misuse of customer data

What does Sam Bankman-Fried claim about his current access to FTX data?

• He has access to partial data

• He relies on his memory due to lack of data access

• He has no access to any data

• He has full access to all data

Why is Sam Bankman-Fried testifying virtually?

• He is not allowed to testify in person

• He is unable to travel

• He is avoiding media attention

• He prefers virtual testimony

What was the alleged name of the chat group involving FTX's inner circle?

• Market manipulation

• Insider trading

• Wire fraud

• Data breach

What was Sam Bankman-Fried's response to the allegations about the chat group?

• He admitted to creating it

• He refused to comment

• He denied being part of it

• He confirmed its existence