This explanation of events seems to contradict several of SBF’s public statements, such as:
“FTX has enough to cover all client holdings.”
“We don’t invest client assets (even in treasuries).”
source: https://cointelegraph.com/news/ftx-founder-sam-bankman-fried-removes-assets-are-fine-flood-from-twitter
I guess we’ll know more for sure in the coming days. One big open question for EA is whether SBF’s money was obtained through fraudulent or illegal activities. As far as I can tell, it is too soon to tell.
This explanation of events seems to contradict several of SBF’s public statements, such as:
“FTX has enough to cover all client holdings.”
“We don’t invest client assets (even in treasuries).”
source: https://cointelegraph.com/news/ftx-founder-sam-bankman-fried-removes-assets-are-fine-flood-from-twitter
I guess we’ll know more for sure in the coming days. One big open question for EA is whether SBF’s money was obtained through fraudulent or illegal activities. As far as I can tell, it is too soon to tell.