FTX Debtors as part of the exchange’s bankruptcy process said ‘there is a substantial shortfall of digital assets at both’ FTX.com and FTX US
Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the US on fraud charges, reiterated his claim that the FTX US crypto exchange “was and is solvent”.
In a statement on Substack on Tuesday, he said that FTX US probably had “hundreds of millions of dollars in excess of customer balances”. The 30-year-old also referenced the Substack post on his Twitter account...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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