Bankman-Fried Again Claims FTX US Crypto Exchange Was Solvent

Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the US on fraud charges, reiterated his claim that the FTX US crypto exchange “was and is solvent.”

• In a statement on Substack on Tuesday, he added that FTX US likely has “hundreds of millions of dollars in excess of customer balances”
• NOTE: Earlier Tuesday, FTX Debtors as part of the exchange’s bankruptcy process said “there is a substantial shortfall of digital assets at both” FTX.com and FTX US
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Sunil Jagtiani in Sydney ...