SBF: FTX US is still solvent, the law firm's investigation results on FTX are incorrect

ChainCatcher news, SBF stated in Substack that certain content released by the New York law firm Sullivan & Cromwell (S&C) regarding FTX US is highly misleading, as S&C claims that FTX US has a "funding shortfall." SBF indicated that FTX US has been solvent both in the past and present, potentially having hundreds of millions of dollars beyond customer balances. In the statement formally submitted by S&C to the Delaware Chapter 11 court, S&C failed to account for the $428 million in FTX US bank accounts as assets, and besides the funds needed to match customer balances, FTX US has at least $111 million (possibly around $400 million) in excess cash. (source link)