SBF: FTX Was Solvent, Currently Compensating Customers at 119%-143%

Odaily News SBF posted on the X platform, listing 10 "myths" about himself and FTX, with the first one being "FTX was insolvent / $8 billion disappeared." SBF stated that the fact is FTX was solvent and is currently compensating customers at a rate of 119%-143%. He added that FTX could have repaid customers in-kind, but after paying themselves $1 billion, the lawyers chose to quickly liquidate assets and slowly repay customers.