Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.
In a Jan. 12 post on Substack, Bankman-Fried claimed there was a path forward for customers of certain companies under the FTX umbrella to be made whole following the firm’s bankruptcy. According to the former CEO, FTX US had been “fully solvent” at the time the firm filed for Chapter 11 bankruptcy, with roughly $350 million in cash on hand.