FTX former CEO Sam Bankman-Fried said his estimate of leverage ratio before the collapse of Jiamihuo Biliuo was "wrong", claiming that it was not $5 billion, but close to $13 billion.
In the Twitter post on November 16, Bankman-Fried said that FTX has a leverage of up to about $5 billion and is supported by $20 billion in treatments that are valuable but also potentially risky. According to the former CEO, the collapse of Gami Bishi Floor “no bidder liquidity” and bank runs resulted in withdrawals of about $4 billion a day — 25% of consumer production control.
"I was wrong," Bankman-Fried said. " leverage is not ~$5b, but ~$13b. 13b The leverage ratio of the US dollar, the total run of banks, and the comprehensive collapse of the value of production control all happen at the same time. This is why you don't want this influence."
Bahamas , the United States and Turkey authorities have begun investigating the major bankruptcies. Officials reportedly discussed extraditioning Bankman-Fried from the Bahamas to the United States for interrogation. It is not clear whether the extradition of , the report, was related to lawmakers on the House Financial Services Committee, said they “[expect] to hear from SBF at a December hearing.
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