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Sam Bankman-Fried Can't Stay Off of Twitter
The ex-CEO of bankrupt crypto exchange FTX claims liquidity, not insolvency, is the issue.
Following a series of curious one-letter tweets over the past couple of days, ex-FTX CEO Sam Bankman-Fried has returned to typing out full sentences.
"To the best of my knowledge as of post-11/7," tweeted Bankman-Fried early Tuesday afternoon, "Alameda had more assets than liabilities marked-to-market (but not liquid)."
STORY CONTINUES BELOW
He also said that Alameda had a margin position on FTX International and that FTX US had enough to repay all customers. "Not everyone necessarily agrees with this," he concluded.
Legal experts say Bankman-Fried's tweets are likely to show up in court cases that may result from FTX's collapse. "My advice is shut the f**k up or I quit," former federal prosecutor Ken White told CoinDesk Monday when asked what advice he would give Bankman-Fried with regards to his Twitter account.
Bankman-Fried resigned from bankrupt crypto exchange FTX last week, after the company imploded following a series of events that started with a CoinDesk report that raised questions about the balance sheet of FTX's sister company, Alameda Research.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
