News ‘Old-fashioned embezzlement’: FTX CEO testifies to Congress; founder Sam Bankman-Fried arrested: recap December 13, 2022December 13, 2022Erin Mansfield, Rachel Looker and Kevin McCoy, USA TODAYComments Off on ‘Old-fashioned embezzlement’: FTX CEO testifies to Congress; founder Sam Bankman-Fried arrested: recap New CEO John J. Ray of the bankrupt cryptocurrency exchange FTX testifies before a congressional panel. Indictment against Sam Bankman-Fried unsealed.