SBF says ‘FTX is fine. Assets are fine’ with over $1B in excess cash amid rumors of liquidity crunch
FTX CEO Sam ‘SBF’ Bankman-Fried has taken to Twitter to call out a “competitor” for “trying to go after us” and reassured the industry that despite the attempt, “FTX is fine. Assets are fine.”. The tweet threat appears to be a response to rumors and speculation of liquidity issues at FTX and Alameda Research. The rumors may have played a role in Binance’s recent decision to liquidate. CZ had posted over the weekend that he planned to liquidate Binance’s FTT tokens due to “recent revelations that have come [sic] to light” but wanted to make sure the “market impact” is minimal. Cope, a content creator at The Block, responded to SBF with an image of a meme showing a house on fire alongside the caption.
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