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Fortune
Fortune
Christiaan Hetzner

Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe

(Credit: Jeenah Moon—Bloomberg via Getty Images)

Roughly a day before the collapse of his crypto exchange FTX, Sam Bankman-Fried told his Twitter community that everything was fine and customer assets were safe.

“FTX has enough to cover all client holdings. We don’t invest client assets (even in Treasuries),” he wrote on Monday, adding his company was redeeming money credited to people’s trading accounts for anyone that wished to pull out. 

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