This time, he laid even further into his bankrupt exchange's longtime lawyers, the New York City-based firm Sullivan & Cromwell — meanwhile, of course, once again insisting that he's"These claims by S&C are wrong, and contradicted by data later on in the same document," Bankman-Fried wrote on his blog. "FTX US was and is solvent, likely with hundreds of millions of dollars in excess of customer balances.
"One way or another," SBF wrote, "their data actually confirms that FTX US was extremely likely to be solvent when I handed it off." Of course, SBF's spreadsheets — which he's apparently been putting together at his parents' house, where he's currently on— aren't exactly official documents, so this is very much a he-said, the-government-slash-FTX-lawyers-slash-new-FTX-CEO-said situation.
And we'd like to hope that the SEC also understands how to use and read Excel sheets, and has done so in the process of charging SBF with
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