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Was Sam Bankman-Fried Proven Right About FTX’s Solvency?

10 May 2024
in Blockchain
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Was Sam Bankman-Fried Proven Right About FTX’s Solvency?
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To make it brief, in the days leading up to FTX’s bankruptcy on Nov. 11, 2022, SBF was frantically trying to shore up a gigantic hole in his company’s balance sheet by raising funds basically from anyone he could. This reportedly includes everyone from Silicon Valley VCs, Saudi money men and even SBF’s archrival ex-CEO of Binance Changpeng Zhao (who reneged on a handshake buyout deal after reviewing the state of FTX’s finances, only speeding up the ongoing run on the exchange).

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