SBF rejected Maxine Waters’s request, Know why?

At the New York Times DealBook Summit, Sam Bankman-Fried gave an interview with the journalist Andrew Ross.
The interview gave birth to many controversies as it gave a warm invitation to Congresswoman Waters to know what exactly happened during the FTX downturn.

Although, Bankman-Fried rejected Waters’s invitation, stating that he didn’t think that it was the correct time to be there to describe all the happenings that brought FTX, the 2nd largest crypto exchange in the United States into bankruptcy.

Rep. Waters, and the House Committee on Financial Services:
Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.
I'm not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt
— SBF (@SBF_FTX) December 4, 2022

According to the exchange of tweets between Waters and Sam Bankman-Fried, the ex-FTX CEO handles that he was confident that “FTX US was creditworthy.” Bankman-Fried said that all U.S. clients can be made complete, adding that he was certain that FTX US was still creditworthy.

Expanding on DealBook:
When I filed, I'm fairly sure FTX US was solvent, and that all US customers could be made whole.
To my knowledge, it still is today.
I was expecting that to happen. I'm surprised it hasn't. I'm not sure why US withdrawals were turned off.
— SBF (@SBF_FTX) December 1, 2022

On December 5, Waters firstly thanked Sam Bankman-Fried and then urged him to appear at the hearing on the 13th to describe the bankruptcy of a platform that destructed over one million people.

As you know, the collapse of FTX has harmed over one million people. Your testimony would not only be meaningful to Members of Congress, but is also critical to the American people. (2/3)
— Maxine Waters (@RepMaxineWaters) December 5, 2022

Waters doesn’t look to be purchasing SBF’s story. She stated Bankman-Fried that his position as Chief Executive Officer, unified with the interviews he has given in person and through phone calls, in spite of the various alerts by his attorney, advises that the detail he owns is enough to be used as a piece of evidence. She was very clear on what he tweeted lately.

It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later. (3/3)
— Maxine Waters (@RepMaxineWaters) December 5, 2022

Thus, Bankman-Fried has to appear before the regulators to describe with proof how he operated a firm that had got an estimation of over $32 billion into bankruptcy in just a week.

The CEO made a private chance of more than $24 billion, one of the biggest among cryptocurrency investors. Although, there are still a few questions that aren’t answered yet related to SBF’s possessed wealth and his consciousness of how his client’s money was monitored.

Some media channels, like Fortune, referred to SBF as “delusional and sociopathic,” labeling his interview as a complete lie and humming as a way to deliver a personality made for the media with the intention of carrying condolence instead of guilt.

Elon Musk made a tweet in which he wrote that Bankman-Fried should have “an adult timeout in the big house and move on.”

Source: https://www.thecoinrepublic.com/2022/12/06/sbf-rejected-maxine-waterss-request-know-why/