FTX’s ex-CEO Sam Bankman Fried claims Alameda had more assets than liabilities just a few days before bankruptcy filing

Ex-FTX CEO Sam Bankman Fried said successful a caller tweet that Alameda had much assets than liabilities arsenic of Nov. 7, conscionable a fewer days earlier it filed for bankruptcy, but noted that the assets were not liquid.

Bankman-Fried maintains that FTX US had capable wealth to repay each customers arsenic of Nov. 7. He besides noted that Alameda held a borderline presumption successful FTX International. 

12) To the champion of my knowledge, arsenic of post-11/7, with the imaginable for errors:

a) Alameda had much assets than liabilities M2M (but not liquid!)
b) Alameda had borderline presumption connected FTX Intl
c) FTX US had capable to repay each customers

Not everyone needfully agrees with this

— SBF (@SBF_FTX) November 15, 2022

The caller tweet inactive raises galore questions astir however FTX handled users’ funds. One Twitter idiosyncratic mentioned Alameda holding borderline positions with idiosyncratic funds.

The ex-CEO started the Twitter thread with the connection “what” followed by a bid of cryptic one-letter tweets that yet spelled retired “HAPPENED.” One Twitter idiosyncratic speculated that this could beryllium an effort by Bankman-Fried to plead insanity if ever brought earlier a court.

Looks similar someone’s readying an insanity defence https://t.co/VIZGrN1NGv

— Alex Berenson (@AlexBerenson) November 14, 2022

In an interview with The New York Times, Bankman-Fried explained his cryptic tweets arsenic follows:

 “I’m making it up arsenic I go,” and the bid of tweets is “going to beryllium much than 1 word.”

Looks similar someone’s readying an insanity defence https://t.co/VIZGrN1NGv

— Alex Berenson (@AlexBerenson) November 14, 2022

Bankman-Fried stepped down arsenic CEO erstwhile his companies filed for bankruptcy but volition assistance with the modulation to John Ray’s leadership.

Bankman-Fried’s crypto trading steadfast and FTX US, the company’s U.S. subsidiary, are among 130 firms progressive successful the bankruptcy proceedings.

The station FTX’s ex-CEO Sam Bankman Fried claims Alameda had much assets than liabilities conscionable a fewer days earlier bankruptcy filing appeared archetypal connected CryptoSlate.