So SBF issued 4 different tweets a few minutes ago:
A competitor is trying to go after us with false rumors. FTX is fine. Assets are fine.
FTX has enough to cover all client holdings. We don't invest client assets (even in treasuries). We have been processing all withdrawals, and will continue to be.
It's heavily regulated, even when that slows us down. We have GAAP audits, with > $1b excess cash. We have a long history of safeguarding client assets, and that remains true today.
4.I'd love it, CZ, if we could work together for the ecosystem.
Take all these updates with a fuckton of salt. Celsius also reassured their customers that they are not in trouble a few days before they halted withdrawals.
What do you guys think? Will FTX be fine or will it go under?
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