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

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

Sam Bankman-Fried maintains that FTX US had enough money to repay all customers as of Nov. 7.

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

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Ex-FTX CEO Sam Bankman Fried said in a recent tweet that Alameda had more assets than liabilities as of Nov. 7, just a few days before it filed for bankruptcy, but noted that the assets were not liquid.

Bankman-Fried maintains that FTX US had enough money to repay all customers as of Nov. 7. He also noted that Alameda held a margin position in FTX International. 

The recent tweet still raises many questions about how FTX handled users’ funds. One Twitter user mentioned Alameda holding margin positions with user funds.

The ex-CEO started the Twitter thread with the word “what” followed by a series of cryptic one-letter tweets that ultimately spelled out “HAPPENED.” One Twitter user speculated that this could be an attempt by Bankman-Fried to plead insanity if ever brought before a court.

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

 “I’m making it up as I go,” and the series of tweets is “going to be more than one word.”

Bankman-Fried stepped down as CEO when his companies filed for bankruptcy but will assist with the transition to John Ray’s leadership.

Bankman-Fried’s crypto trading firm and FTX US, the company’s U.S. subsidiary, are among 130 firms involved in the bankruptcy proceedings.