Maxine Waters praises FTX founder Bankman-Fried for ‘candid’ interviews after billions go missing

Rep. Democrat Maxine Waters of California praised disgraced financier Sam Bankman-Fried’s “candid” talks with the press ahead of his hearing before a House committee.

Waters made the comment via social media on Friday. Bankman Fried is scheduled to testify before the House Financial Services Committee on Dec. 13.

“We appreciate you being candid in your discussions about what happened at FTX,” Waters said.

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She added, “Your willingness to speak publicly will help customers, investors and others in the business. To that end, we would welcome your participation in our hearing on the 13th.”

Bankman-Fried has made appearances for a number of interviews over the past week, discussing the collapse of his crypto-trading firm, FTX.

In his series of media engagements, which included a live chat with The New York Times, Bankman-Fried sought to deflect blame from FTX management and denied commit a fraud.

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Representative Maxine Waters, Democrat of California and Chair of the House Financial Services Committee, during a hearing in Washington, DC, Wednesday, September 21, 2022. (Al Drago/Bloomberg via Getty Images/Getty Images)

Overall, in 2021 and 2022, Bankman-Fried donated nearly $38 million to various candidates and PACs, mostly donating its money to Democratic candidates and leftist groups, according to Federal Election Commission (FEC) documents.

The majority of his political donations have gone to the Protect Our Future PAC, a group founded in January dedicated to boosting candidates who pledge to prevent future pandemics.

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FTX Sam Bankman Fried

Sam Bankman-Fried, founder and former CEO of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, Wednesday, August 17, 2022. (Jeenah Moon/Bloomberg via Getty Images/Getty Images)

Bankman-Fried is currently facing a flurry of lawsuitsincluding a class-action lawsuit by investors alleging he and other high-profile celebrities — such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry — violated Florida law and inflicted consumers over $11 billion in damages.

The lawsuit, which names “Sam Bankman-Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Lawrence Gene David, and Kevin O’Leary,” seeks to hold them “liable for the many billions of dollars in damages they have caused Plaintiff and the Groups and to force Defendants to repair them.”

Thomas Catenacci, Houston Keene, Greg Norman and Kristen Altus of FOX Business contributed to this report.

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