SBF Labels FTX Collapse a ‘Liquidity Crisis’ and Seeks Pardon
Sentenced to 25 years in prison, FTX founder Sam Bankman-Fried (SBF) reiterated in an interview with The New York Sun that at the time of its collapse, the exchange was solvent but illiquid. He added that the law firm Sullivan & Cromwell mishandled the bankruptcy proceedings. “At that time, there were enough assets to pay […]