Disgraced FTX founder Sam Bankman-Fried is not staying quiet while under house arrest, using Twitter to weigh in as he awaits trial on several federal charges.
Sam Bankman-Fried, the founder and chief executive of FTX, in Nassau, Bahamas, on April 26, 2022.
But this week, he took to Twitter re-upping previous claims and taking further shots at FTX's new leadership along with Sullivan and Cromwell, one of the law firms representing it in bankruptcy.On Tuesday, Bankman-Fried posted his own balance sheet purportedly showing the FTX U.S. "is solvent" and "always has been," pushing back against Sullivan & Cromwell's claims to the contrary.
Then on Thursday, the FTX founder celebrated the news that the CEO who replaced him, John Ray III, is considering re-opening the exchange. "I'm glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts!" Bankman-Fried tweeted. "I'm still waiting for him to finally admit FTX US is solvent and give customers their money back...
A bankruptcy judge on Friday agreed to allow the law firm to continue representing FTX, dismissing objections brought before the court.
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