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> when we all know that's tokens like FTT. Yeah, this is just absurd. It's an illiquid self made token which only a small percentage was circulating. Even a
by nullc 4y ago
> when we all know that's tokens like FTT.
Yeah, this is just absurd. It's an illiquid self made token which only a small percentage was circulating. Even a fairly unsophisticated trader would know that you can't just mark that to market at spot and get a reasonable price!
I agree that has to be a feint to avoid criminal charges. I hope the prosecutors see it for what it is, it's essentially one notch improvement to writing: "Our bank account is down to $5000. However, I checked the break room and our copy Monopoly still has $20,000 so we're solvent against our liabilities of $19,000 and can continue to operate as usual."
The letter does include a hint to where more of the real assets could have gone: "included buying out binance". -- presumably clawing back that transaction is at the top of the bankrupt entities priorities. The realestate purchases for SBF and his family are more obvious but taking those back is less urgent.