on Twitter, “FTX US is solvent, as it always has been.” The blog post echoes this statement and asserts discrepancies between Sullivan & Cromwell’s reporting and SBF’s spreadsheet.
He disputes the assertion in the presentation that FTX US has a “shortfall” and maintains that FTX US is not insolvent. “S&C claims that FTX US has a shortfall,” SBF said in his latest blog post. “That claim is false. Based on S&C’s own data provided in the same court presentation, FTX US had roughly $609 million of assets backing roughly $199 million in customer balances. FTX US was solvent when it was turned over to S&C, and almost certainly remains solvent today.
Despite SBF’s claims, several people on social media mocked the FTX co-founder and specifically criticized his Excel spreadsheet. “Bro typed out a couple of numbers in 5 mins thinking it’s gonna be his get out of jail free card,” one person
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misleading? SBF_FTX is the definition of misleading.
The boy who cried wolf 🤥
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