Seems pretty clear now that SBF thinks he can talk his way out of this. Seems pretty... questionable at this point to still be trying to assert the asserts were "illiquid" and still no acknowledgement that FTX's deposits weren't ring-fenced (although clearly an effort to muddy the waters around the statement about bank accounts). He's still claiming "$8Bn collateral" when we all know that's tokens like FTT which he's marked to market at >$20 and are currently trading <$2, and represent the value of some perks at a bankrupt exchange thus probably meaning they're truly worth $0.

I suspect we will never get to the point where SBF admits "Stuff I made up and then assigned arbitrary value to doesn't really count as collateral". But we'll continually hear "Mistakes were made" as an attempt to avoid jail time.