Ex-FTX CEO Sam Bankman Fried stated in a latest tweet that Alameda had extra belongings than liabilities as of Nov. 7, only a few days earlier than it filed for chapter, however famous that the belongings weren’t liquid.Bankman-Fried maintains that FTX US had sufficient cash to repay all clients as of Nov. 7. He additionally famous that Alameda held a margin place in FTX Worldwide. 12) To the most effective of my information, as of post-11/7, with the potential for errors:a) Alameda had extra belongings than liabilities M2M (however not liquid!)
b) Alameda had margin place on FTX Intl
c) FTX US had sufficient to repay all customersNot everybody essentially agrees with this— SBF (@SBF_FTX) November 15, 2022The latest tweet nonetheless raises many questions on how FTX dealt with customers’ funds. One Twitter person talked about Alameda holding margin positions with person funds.The ex-CEO began the Twitter thread with the phrase “what” adopted by a collection of cryptic one-letter tweets that in the end spelled out “HAPPENED.” One Twitter person speculated that this could possibly be an try by Bankman-Fried to plead madness if ever introduced earlier than a courtroom.Seems like somebody’s planning an madness protection https://t.co/VIZGrN1NGv— Alex Berenson (@AlexBerenson) November 14, 2022In an interview with The New York Occasions, Bankman-Fried defined his cryptic tweets as follows: “I’m making it up as I’m going,” and the collection of tweets is “going to be multiple phrase.”Seems like somebody’s planning an madness protection https://t.co/VIZGrN1NGv— Alex Berenson (@AlexBerenson) November 14, 2022Bankman-Fried stepped down as CEO when his firms filed for chapter however will help with the transition to John Ray’s management.Bankman-Fried’s crypto buying and selling agency and FTX US, the corporate’s U.S. subsidiary, are amongst 130 companies concerned within the chapter proceedings.Get an Edge on the Crypto Market 👇Change into a member of CryptoSlate Edge and entry our unique Discord neighborhood, extra unique content material and evaluation. On-chain evaluation Worth snapshots Extra context Be part of now for $19/month Discover all advantages
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FTX’s ex-CEO Sam Bankman Fried claims Alameda had extra belongings than liabilities only a few days earlier than chapter submitting
