Su Zhu: SBF has been insolvent since July

ChainCatcher news, former Three Arrows Capital founder Su Zhu tweeted that FTX and Alameda were intertwined from the very beginning. SBF has been insolvent since July, and he has engaged in many reckless behaviors, including: false rescues for lenders; angering previous investors while raising the next round of funding, etc.

Su Zhu also stated that understanding the origins of FTT, the entire business model of Alameda and FTX was to provide short-term liquidity to other trading firms at a loss to attract trading volume and traders, and then earn back profits through predatory proprietary trading. (Source link)