SBF breaks cryptic silence, prepares to ‘talk about where we are today’ SBF breaks cryptic silence, prepares to ‘talk about where we are today’
Former FTX CEO SBF has taken to Twitter to break his cryptic message trend and prepare to speak about the current state of affairs.
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Updated: Sep. 20, 2023 at 1:51 am UTC
Cointelegraph / CC BY 3.0 / Wikimedia. Remixed by CryptoSlate
Former FTX CEO Sam Bankman-Fried has finally broken his silence to start a conversation regarding ‘where we are today.’ Following a series of cryptic tweets spelled out ‘What happened,’ SBF has now sent a tweet stating that he will “get to what happened, But for now, let’s talk about where we are today.”
11) I'll get to what happened. But for now, let's talk about where we are today.
— SBF (@SBF_FTX) November 15, 2022
As of press time, no more information has been released. This article will be updated as more information comes to light. However, to follow the saga directly, click on the tweet above to view SBF’s main Twitter account under the handle @SBF_FTX.
The account still contains a biography section that includes “CEO of @FTX_Official Not investment advice. FTX and FTT are not available in the United States or prohibited jurisdictions FTX.US works in US!”
SBF was removed as CEO of FTX by the board on Nov. 11 and replaced by John Ray III when the company filed for bankruptcy.
Update 6.50 GMT: SBF followed up on the tweet to claim that Alameda has more assets than liabilities but said assets are not currently “liquid.” Further, Alameda was margin called on the FTX.com exchange, and FTX.US had “enough to replay all customers.”
Interestingly, he ended the tweet by stating that “not everyone necessarily agrees with this.” Given the factual nature of accounting, it is difficult to understand SBF’s meaning here. It is unclear how such information could be debatable indicating there may be issues regarding how the assets are split between FTX-owned companies or some other factor that would make accounting for assets difficult.
12) To the best of my knowledge, as of post-11/7, with the potential for errors:
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 customersNot everyone necessarily agrees with this
— SBF (@SBF_FTX) November 15, 2022
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Liam 'Akiba' Wright
Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
FTX US Derivatives
FTX US Derivatives is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC).
Sam Bankman-Fried is the former CEO, and co-founder of defunct crypto exchange FTX and Alameda Research.