SBF claims FTX had liquidity for spot trades at time of collapse

Sam Bankman-Fried (SBF), the incarcerated founder of FTX, claimed via X that the platform held enough liquidity to cover all spot trades at the time of its collapse on Nov. 11, 2022. He added that most assets at the time were being utilized in margin and lending programs, allowing users, including Alameda, to engage in margin trading through a shared collateral pool. SBF stated that FTX could cover the rest and that no exchange supporting margin trading is 100% liquid. SBF is reportedly posting to X through an acquaintance while in prison.