Bankman-Fried Again Claims FTX US Exchange Was Solvent

Disgraced former crypto titan posts another Substack statement
Move follows a bankruptcy filing pointing to asset shortfalls

Sam Bankman-Fried, center, departs from court in New York on Jan. 3.Photographer: Stephanie Keith/Bloomberg

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By Suvashree Ghosh

January 18, 2023 at 2:04 AM UTC

Updated on

January 18, 2023 at 5:03 AM UTC

This article is for subscribers only.

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 said that FTX US likely has “hundreds of millions of dollars in excess of customer balances.” The 30-year-old also referenced the Substack post on his Twitter account.