SBF: Fully Returning FTX US Investors’ Money Is Possible!
SBF: Fully Returning FTX US Investors’ Money Is Possible!
Following his arrest and recent bail, former FTX CEO Sam Bankman-Fried (SBF) has returned to Twitter yet again as he awaits his trial this October.
FTX US Is Solvent…?
Before he was subsequently arrested, SBF continued to adamantly claim that FTX US was and remains to be solvent even after FTX had filed for bankruptcy, writing in a lengthy Twitter thread in November that to his knowledge, “FTX US had enough to repay all customers.”
Despite FTX’ current management team and new CEO firmly denying these claims, SBF continues to stand by his words, arguing that he thinks FTX US customers can be fully paid back.
In a recent Tweet he made on January 11th, just a week after pleading not guilty on his criminal charges, Bankman-Fried wrote that he thinks customers “being made substantially whole is a real possibility,” and that they “were possibly a few weeks away from getting there in November.”
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yup my sense is that is and always has been the best recovery scenario for customers. I think that them being made substantially whole is a real possibility; I think we were possibly a few weeks away from getting there in November. (US is solvent, should make everyone whole.)
— SBF (@SBF_FTX) January 12, 2023
SBF’s Current Activities
Stuck in house arrest with an ankle monitor until his trial in October, SBF recently shared with a reporter from Puck News about his current routine, which he describes to be lonely and boring.
SBF shares that he hasn’t talked to any other former executives like former Alameda Research CEO Caroline Ellison or FTX co-founder Gary Wang since his arrest. “I don’t blame people for wanting to try and avoid getting drawn into the shitshow as best they can,” SBF told the reporter.
Bankman-Fried is currently being charged with 8 counts of fraud and conspiracy charges, to which he pleaded not-guilty earlier this month. If found guilty for all charges, SBF could be looking at a life-sentence ahead of him.
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