Zhu Su: SBF Has Been Insolvent Since July

Dec 01,2022
KingData News: ZhuSu, the former founder of Three Arrows Capital, tweeted that FTX and Alameda were commingled since inception. SBF has been insolvent since July and has engaged in a number of crazy behaviors, including: false bailouts of lenders; raising the next round of funding to anger former investors, etc. Zhu Su also said that understanding the origins of FTT, Alameda/FTX's entire business model is to provide short-term liquidity on losses to other trading firms to attract volume and traders, and then earn back profits through predatory free trading.
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
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