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FTX US had enough to repay all customers, Bankman-Fried tweets

Companies • November 15, 2022, 12:21PM EST
UPDATED: November 15, 2022, 12:47PM EST
The Block Sipa USA/Alamy Live News

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

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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.

About Authors

Tim is the Editor-In-Chief of The Block. Prior to joining The Block, Tim was a news editor at Decrypt. He has earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.
Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.

Editor

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