Sam Bankman-Fried, who goes by SBF, is at the center of the business scandal of the year. His cryptocurrency exchange FTX blew up suddenly in November, leaving millions of customers in the lurch. Everyone wants answers—including Congress, where SBF was supposed to testify on Tuesday. In a shocking turn of events, he was instead arrested on Monday night by authorities in the Bahamas, where he was residing, at the request of the U.S. government.
With SBF's notable absence, the hearing will likely yield some tough questions from lawmakers, including into the investigation by the U.S. District Court for the Southern District of New York that led to his arrest. It will possibly create some awkward moments for members of Congress themselves, many of whom have been implicated in SBF's web of failure. Here’s what you need to know:
