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Sam Bankman-Fried Can't Stay Off of Twitter
The ex-CEO of bankrupt crypto exchange FTX claims liquidity, not insolvency, is the issue.
Updated May 9, 2023, 4:02 a.m. Published Nov 15, 2022, 5:48 p.m.
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Following a series of curious one-letter tweets over the past couple of days, ex-FTX CEO Sam Bankman-Fried has returned to typing out full sentences.
"To the best of my knowledge as of post-11/7," tweeted Bankman-Fried early Tuesday afternoon, "Alameda had more assets than liabilities marked-to-market (but not liquid)."
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He also said that Alameda had a margin position on FTX International and that FTX US had enough to repay all customers. "Not everyone necessarily agrees with this," he concluded.
Legal experts say Bankman-Fried's tweets are likely to show up in court cases that may result from FTX's collapse. "My advice is shut the f**k up or I quit," former federal prosecutor Ken White told CoinDesk Monday when asked what advice he would give Bankman-Fried with regards to his Twitter account.
Bankman-Fried resigned from bankrupt crypto exchange FTX last week, after the company imploded following a series of events that started with a CoinDesk report that raised questions about the balance sheet of FTX's sister company, Alameda Research.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
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- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
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