Senators say Bankman-Fried is refusing subpoena to testify about FTX collapse

Lawyers for FTX founder and former CEO Sam Bankman-Fried have refused to accept a subpoena for the disgraced cryptocurrency magnate to appear before the Senate Banking Committee, the Democratic and Republican leaders of the panel said Monday.

While Bankman-Fried is set to testify virtually before the House Financial Services Committee on Tuesday, he has refused to commit to appearing before the Senate Banking panel. The Banking Committee is set to hold its own hearing on the FTX collapse Thursday, but Bankman-Fried suggested during a Monday livestream on Twitter that he was too busy to appear.