Sam Bankman-Fried Says Alameda Winding Down, Promises FTX US Customers' Funds Are 'Fine'

Sam Bankman-Fried Says Alameda Winding Down, Promises FTX US Customers’ Funds Are ‘Fine’


In his thread, Bankman-Fried tried to explain his company’s situation, saying FTX “poorly” labeled bank-related accounts internally, and so he misjudged users’ margins. Customers withdrew $5 billion worth of assets on Sunday, but had the liquidity to support only 80% of that, with leverage 1.7 times what FTX had.

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