Simply put, until FTX went bankrupt on November 11, 2022, SBF was trying frantically to plug the huge hole in the company’s balance sheet by raising funds from basically anyone it could. This reportedly includes Silicon Valley VCs, Saudi moneymen, and even the former CEO of SBF’s archrival Binance Changpeng Zhao (who waived a handshake buyout deal after reviewing FTX’s financials to speed up the exchange’s ongoing operations). It is known.
Has Sam Bankman-Fried been proven right about FTX’s solvency?
By Crypto Flexs1 Min Read
