SBF: Had a vague understanding of the financial situation before the collapse of FTX and Alameda, and at that time believed that the FTX balance sheet had no flaws

2023-10-31 00:00:23
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According to ChainCatcher, SBF testified on Monday that he had a vague understanding of the group's financial situation on the eve of the collapse of FTX and Alameda. He stated that by November 2022, when he tweeted ("FTX is in good shape"), he still believed there were no "gaps" in FTX's balance sheet and that Alameda's assets still exceeded its liabilities.
SBF testified that his view of the situation changed only a few days after his tweet, when the prices of key assets on Alameda's balance sheet—namely FTX's FTT token and Solana's SOL token—plummeted.

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