Coin Edition -
- Former CEO Sam Bankman-Fried tweeted that FTX has the best recovery scenario for customers.
- Bankman-Fried added that the firm was a few weeks away from getting there in November.
- FTX has reportedly recovered more than $5 billion in cash and liquid cryptos and securities.
Despite the controversial collapse of leading crypto exchange FTX, former CEO Sam Bankman-Fried (SBF) is bullish on its recovery of customers’ funds. He believes that the firm has the best recovery scenario for its users even as he is charged on many counts including fraud, conspiracy, and money- laundering.
In a response to a tweet written by Wassielawyer, Bankman-Fried said:
yup my sense is that is and always has been the best recovery scenario for customers. I think that them being made substantially whole is a real possibility; I think we were possibly a few weeks away from getting there in November. (US is solvent, should make everyone whole.)
Bankman-Fried’s tweet in turn triggered many responses. Several Twitter users pointed out how Wassielawyer’s response took a 360-degree turn from his previous contradictory viewpoints.
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