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TechFlow news: On Monday, SBF testified that he had a vague understanding of the financial situation at FTX and Alameda just before their collapse. In November 2022, when he posted on Twitter claiming "FTX is doing fine," he was unaware of the financial shortfalls at FTX and believed Alameda's assets could still cover its debts.
SBF said it wasn't until several days after that tweet that he fully realized the severity of FTX's situation.
On Monday, SBF testified that he had a vague understanding of the financial situation at FTX and Alameda just before their collapse. In November 2022, when he posted on Twitter claiming "FTX is fine," he was unaware of the financial shortfalls at FTX and believed Alameda's assets could still cover its debts. SBF stated that it wasn't until several days after that tweet that he fully realized the severity of FTX's situation.
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