Sam Bankman-Fried says FTX's lawyers overlooked $428 million in cash – and the bankrupt crypto exchange has the funds to make US customers whole
The company's new bosses have said that FTX.US, which was the failed crypto group's US exchange, held just $181 million worth of crypto – which wouldn't be enough to make investors whole.
But Bankman-Fried said that they hadn't included $428 million of cash held by FTX US in their calculations, and that that amount of cash would be sufficient to pay back the exchange's US-based former customers. This isn't the first time that Bankman-Fried has said FTX.US isn't facing the same solvency issues as his broader crypto empire.on November 10 when addressing the exchange's solvency crisis."FTX US, the US-based exchange that accepts Americans, was not financially impacted by this shitshow. It's 100% liquid."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Podcast: SBF, FTX, Job Cuts, Insider Trading, Logan Paul and Apple Rumors — Weekly News Roundup | CoinMarketCapIt's the weekend edition of CoinMarketRecap! Connor Sephton and Molly Jane Zuckerman chew over some of the biggest crypto stories from the past seven days.
Leer más »
FTX reports $415 mln in hacked crypto, Bankman-Fried says FTX US is solventBankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks.
Leer más »
FTX: it took 'Herculean investigative effort' to identify $5.5B in liquid assetsFTX debtors reported they had identified $5.5 billion in liquid assets but said there was a “substantial shortfall of digital assets” at FTX.com and FTX US.
Leer más »
SBF's Substack Post is 'Nightmarish' for His Lawyers, Experts Claim | CoinMarketCapIn addition to tens of thousands of documents, prosecutors can rely on extensive quotes that SBF gave to the likes of The New York Times, Good Morning America and the BBC.
Leer más »
'Ninth circle of hell' is reserved for SBF for his betrayal: ScaramucciAnthony Scaramucci, the founder of SkyBridge Capital opened up about his close relationship with former FTX founder Sam Bankman-Fried during a panel session in Davos.
Leer más »
Podcast: SBF Has Prosecutors Rubbing Their Hands with Glee | CoinMarketCapOn today's CoinMarketRecap with Connor Sephton, why Bitcoin's bear market could end in the next 30 days.
Leer más »