SBF: FTX has enough assets to cover all user deposits and is subject to strict regulation regarding customer assets

ChainCatcher news, FTX founder Sam Bankman-Fried (SBF) tweeted that FTX has enough assets to cover all user deposits and will not use customer assets for investment. Currently, FTX is still processing customer withdrawals. SBF stated that FTX is under strict regulation regarding customer assets and has undergone audits based on US Generally Accepted Accounting Principles, holding over $1 billion in cash. (Source link)