SBF: FTX Always Solvent, New Management Dey Hold Money
Sam Bankman-Fried (SBF) tok say FTX still get correct amount money to pay dem bills wen e collapse for November 2022, say di estate get $14.6 billion asset but customer liability na only $8 billion. For one paper wey e write October 31, 2025, e talk say di shutdown na liquidity wahala no be balance-sheet palava and e blame some people like Sullivan & Cromwell plus interim CEO John J. Ray III for how dem slow di recovery. Some critics talk say to use di current value of asset to show say FTX solvent na wrong and e no see the liquidity palava wey happen when pipo dey withdraw money. On November 7, SBF talk again for social media say FTX fit pay all im wahala. E talk say di people wey dey handle restructuring dey control well-well and dem dey hold some customer funds. E talk say one Chinese creditor person wey dem call Mr. Ji dey try get back dis money. This fight about how dem go share di money and creditor rights fit delay how pipo go get im money and e fit spoil market confidence for FTX restructuring.
Neutral
While SBF talk sey FTX still get money and say say asset recovery fit boost confidence for FTX token (FTT), e accuse the current management of dey hide customer money wey cause plenty doubt. Traders fit dey hesitate as dem dey argue over how dem go distribute money and creditor rights. Mixed signals from strong asset figures and legal wahala go balance, go make price response low and market outlook neutral.