FTX's Sam Bankman-Fried says he will testify remotely at upcoming congressional hearing

(Reuters) - Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, said on Monday he would testify remotely at Tuesday's U.S. House Finanical Services Committee hearing to examine the collapse of the company.

In a Twitter Spaces event held on Monday with Twitter account Unusual Whales, Bankman-Fried said he would be "calling in" to the hearing.

A spokesperson for Bankman-Fried confirmed that he would not be testifying at the hearing in person. FTX CEO John Ray will also appear before the committee, although it is not yet clear if he will testify virtually or in person.

(Reporting by Hannah Lang in Washington; Editing by Chizu Nomiyama)