SBF: Law firm S&C's finding that FTX US was not solvent was wrong

2023-01-18 08:50
According to BlockBeats, on January 18, SBF published an article stating that Sullivan & Cromwell (S&C), the law firm appointed by the new CEO to handle FTX's bankruptcy reorganization, was wrong in its findings that FTX US was not solvent, "Some of S&C's releases were highly misleading, including a powerpoint presentation in which they stated that their investigation had identified a funding gap at FTX US", followed by an analysis by SBF that showed that S&C had failed to include at least $428m in actual assets in FTX US bank accounts.
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