Exclusive
FTX US had enough to repay all customers, Bankman-Fried tweets
Quick Take
- Former FTX CEO Sam Bankman-Fried has provided more information on the current state of FTX.
- He didn’t explain what events led to the exchange’s collapse.
Former FTX CEO Sam Bankank-Fried returned to his ongoing, mysterious Twitter thread with the following:
a) Alameda had more assets than liabilities M2M (but not liquid!)
b) Alameda had margin position on FTX Intl
c) FTX US had enough to repay all customers
Not everyone necessarily agrees with this
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.