Cryptocurrency

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.

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.

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.”

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.

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