exchange john wray testifies before the financial services committee which is investigating the ftx crash. the company reported problems in early november, from liquidity issues. and shortly after, filed for bankruptcy. this runs three hours and 50 minutes. the committee will come to order. without objection, the chair is authorized to declare recess of the committee at any time. this hearing is entitled, investigating the collapse of ftx, part one. i now recognize myself for five minutes to give an opening statement. first, i would like to welcome mr. john ray the third. who has been appointed ceo of ftx to oversee its bankruptcy to testify before our committee for the first part of our investigation into the fall of ftx. i am hopeful that the arrest of mr. bankman-fried, founder and former ceo of ftx means he will be held accountable for the fraud he has committed and the harm he has caused. he was scheduled to testify, under oath, before this committee today. unfortunately