Partnered With:

SBF: Unaware of Financial Vulnerabilities in FTX When Posting "FTX Asset Status is Good" Tweet.

According to BlockBeats news on October 30th, SBF testified on Monday that he had a vague understanding of the financial situation of FTX and Alameda before their collapse. When he tweeted "FTX asset status is good" in November 2022, he was unaware of the financial loopholes that existed in FTX and believed that Alameda's assets could still cover its debts. SBF stated that it was only a few days after the tweet was posted that he realized the severity of FTX's situation.

Source

Correction/Report

RelatedRecommended

First week of SBF trial: FTX co-founder testifies, revealing insider trading between Alameda and FTX.

On October 3rd, FTX founder SBF appeared in court for trial, which has been ongoing for a week. What progress has been made during this time and what new information has been revealed that was previously unknown?

All seven charges of SBF were found guilty, and the FTX chapter finally came to an end.

In the development of the encryption industry, SBF and its FTX have written a very dramatic chapter. SBF is a dreamer in the bull market and a "greedy liar" after the thunderstorm. In any case, FTX’s once glorious page has been turned.

"What Happened" After the collapse of FTX, SBF's first interview

"If I can focus more on what I'm doing, I can do it more thoroughly, and that will give me a sense of where the risk is."

SBF talks to The New York Times: Why are the funds of Alameda and FTX mixed?

"As CEO, I have a responsibility to speak out to the public."

True words from SBF after FTX Thunder: Winners are noble in victory

"The greatest heroes of the age will never be known, and some of the men who are admired by millions are rarely worthy of their name."

On-Chain Activity