FTX’s former CEO claims crypto exchange is still solvent

November 16, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process

Sam Bankman-Fried, the former chief executive of the collapsed crypto exchange FTX, has claimed the company he founded is still solvent, even as its new boss, who oversaw the final days of Enron, begins the formal bankruptcy process.

In a series of tweets posted overnight on Tuesday, Bankman-Fried insisted the company had about $9bn (£7.6bn) of assets, in a mixture of semi-liquid and illiquid holdings, while owing customers only $8bn.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

FTX’s former CEO claims crypto exchange is still solvent

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