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 Nov 15, 2022 at 6:14 p.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

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)."

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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.