Sam Bankman-Fried Can't Stay Off of Twitter

The ex-CEO of bankrupt crypto exchange FTX claims liquidity, not insolvency, is the issue.

AccessTimeIconNov 15, 2022 at 5:48 p.m. UTC
Updated May 9, 2023 at 4:02 a.m. UTC

Following a series of curious one-letter tweets over the past couple of days, ex-FTX CEO Sam Bankman-Fried has returned to typing out full sentences.

"To the best of my knowledge as of post-11/7," tweeted Bankman-Fried early Tuesday afternoon, "Alameda had more assets than liabilities marked-to-market (but not liquid)."

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  • He also said that Alameda had a margin position on FTX International and that FTX US had enough to repay all customers. "Not everyone necessarily agrees with this," he concluded.

    Legal experts say Bankman-Fried's tweets are likely to show up in court cases that may result from FTX's collapse. "My advice is shut the f**k up or I quit," former federal prosecutor Ken White told CoinDesk Monday when asked what advice he would give Bankman-Fried with regards to his Twitter account.

    Bankman-Fried resigned from bankrupt crypto exchange FTX last week, after the company imploded following a series of events that started with a CoinDesk report that raised questions about the balance sheet of FTX's sister company, Alameda Research.

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    Stephen  Alpher

    Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.