FTX’s ex-CEO Sam Bankman Fried claims Alameda had more assets than liabilities just a few days before bankruptcy filing
Former FTX CEO Sam Bankman-Fried said in a recent tweet that Alameda had more assets than liabilities as of Nov. 7, just days before it filed for bankruptcy, but its assets were illiquid. .
Bankman-Fried claims: FTX US had sufficient funds to repay all its customers as of November 7th. Alameda held a margin position at FTX International.
12) As far as I know, there is a possible error after November 7th.
a) Alameda had more assets than debt M2M (but not liquid!)
b) Alameda had a margin position on FTX Intl
c) FTX US had enough money to repay all its customersNot everyone necessarily agrees with this
—SBF (@SBF_FTX) November 15, 2022
A recent tweet still raises many questions about how FTX handled user funds. 1 of her Twitter users mentioned Alameda holds margin positions with user funds.
Former CEO started a Twitter thread with the word “what” followed by a series of cryptic single letters Finally a tweet spelled “HAPPENED”. One Twitter user of her speculated that this could be an attempt by Bankman-Fried to plead insanity if it goes to court.
Sounds like someone is planning a crazy defense https://t.co/VIZGrN1NGv
— Alex Berenson (@AlexBerenson) November 14, 2022
and interview When new york timesBankman-Fried explained his cryptic tweet as follows:
“I’m making it on my own,” and a series of tweets, “every word and phrase.”
Looks like someone is planning a crazy defense https://t.co/VIZGrN1NGv
— Alex Berenson (@AlexBerenson) November 14, 2022
Bankman-Fried, who resigned as CEO when his company filed for bankruptcy, helps John Ray transition to leadership.
Bankman-Fried’s cryptocurrency trading firm and its US subsidiary, FTX US, are among 130 companies involved in bankruptcy proceedings.