Sam Bankman-Fried was scheduled to make a long-awaited homecoming to Washington on Tuesday morning after agreeing to appear before the House Financial Services Committee. Instead, he sat in a Bahamian jail, arrested on Monday night by authorities at the behest of the U.S. District Court for the Southern District of New York.
Despite Bankman-Fried's notable absence, the hearing went forward, with the committee—chaired by Rep. Maxine Waters (D-Calif.)—grilling FTX’s new CEO, John Ray III, for nearly four hours.
