SBF: FTX was solvent and is currently compensating customers at a rate of 119%-143%

SBF posted on the X platform, stating that he listed 10 "myths" about himself and FTX, the first being "FTX is insolvent / $8 billion has disappeared." SBF claimed that the truth is FTX was solvent and is currently compensating customers at a rate of 119%-143%.

He added that FTX could have repaid customers in kind, but after the lawyers paid themselves $1 billion, they chose to quickly split the assets and slowly repay the customers.