FTX Senate Hearing
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The Senate Banking Committee on Wednesday is holding a second day of hearings on the downfall of cryptocurrency exchange FTX following CEO John J. Ray’s testimony before the House Financial Services Committee. In Tuesday’s hearing, Ray accused former CEO Sam Bankman-Fried and other former executives of embezzling customer funds. Those testifying on Tuesday will include four cryptocurrency experts, including Kevin O’Leary, a longtime paid FTX spokesman, and it will focus on how the collapse of the company may impact the industry at large.
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