Sam Bankman-Fried, CEO of popular cryptocurrency FTX, denied the latest claims about client funds, stating that FTX is in good standing.
FTX CEO Bankman-Fried said in a statement today. twitter circulating in the sharing speculations denied. Stating that FTX is in good condition and user assets are safe, the CEO said that if necessary, Binance will sell it. that they can buy all FTTs told.
A competitor is dealing with us with false rumors. FTX is enough to cover all client assets. We handle all withdrawals and will continue to do so. We never invest with clients’ funds. We have a GAAP audit with over $1 billion in cash assets. We have a long history of protecting customer assets, and that holds true today.
In the news published recently, it was revealed that the balance sheet of Alameda Research, the subsidiary of FTX, was filled with FTX’s native exchange token, FTT, and then the escalation between Binance and FTX grew. In this last post, Bankman-Fried wrote that CZ’s “It’s not a war we’re cleaning” almost as a response to the words “I will be glad if we can work together CZ” he stated.
Although bad rumors about Alameda Research and FTX continue to circulate among the community, the data shows that neither FTX nor Alameda is in a position to fail. The Block researcher for Larry Cermak On-chain data published by FTX also proves that the situation is good on the FTX front. In parallel with the aforementioned data, Cermak made the following statements:
I believe Alameda is big enough to easily buy Binance’s FTT OTC. Additionally, I think the probability of FTX going bankrupt is close to 0%.