New FTX CEO Testifies Before Lawmakers; Sam Bankman-Fried Formally Charged With Fraud in US Court

This episode is sponsored by Bitstamp and the Galaxy Brains Podcast.

The most valuable crypto stories for Tuesday, Dec. 13,  2022.

FTX's new CEO John J. Ray III is testifying before the House Financial Services Committee about the crypto exchange's collapse. This comes as U.S. prosecutors revealed a litany of charges against former CEO Sam Bankman-Fried, including wire fraud, conspiracy to commit money laundering and campaign finance violations. "The Hash" team breaks down the latest developments.

See also:

FTX Founder Sam Bankman-Fried Formally Charged With Conspiracy, Fraud in US Court

Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

Grayscale Bitcoin Trust Discount Reaches Record 50%

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”