Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the United States 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 likely has “hundreds of millions of dollars in excess of customer balances.” The 30-year-old also referenced the Substack post on his Twitter account.
The FTX Debtors group as part of the exchange’s bankruptcy process said earlier Tuesday “there is a substantial shortfall of digital assets at both” FTX.com and FTX US. Bankman-Fried in his more than 1,000-word statement argued they had made a mistake in their tally of assets.
