4 ms·
I don't know how this is a "pre"-mortem
by seedless-sensat 4y ago
I don't know how this is a "pre"-mortem
- jrochkind1 4y agoI mean, he is insisting that FTX and Alameda aren't really dead, and are still solvent... > FTX US remains fully solvent and should be able to return all customers’ funds. FTX International has many billions of dollars of assets, and I am dedicating nearly all of my personal assets to customers.
- benjaminwootton 4y agoHis problem here is that the two businesses were deeply co-mingled. If it was a genuinely seperate entity then it would be a much stronger argument.
- dragonwriter 4y agoHe claims that FTX US is still viable, in part because his “personal” Robinhood shares (that have been seized by DoJ, and are part of a multiparty ownership battle, as a result of the skethcy loans funding the purchase) are available to backstop FTX US customer losses.