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"Even SBF in all his criminality knew not to play"

Even what? Really?

According to John J. Ray, the clean-up guy, FTX.us is solvent, or at least more so than the FTX.com silo.

Do you have a source for this? I'd really love to read more about it.

My impression from Ray's congressional testimony was "FTX.us might be solvent, but we don't know yet because the forensic accountants are still chipping away". But I was only half focused and am not confident I remember correctly.

I had originally heard it during the congressional testimony, but given that it's over three hours long, I don't know exactly where.

The gist of what was said, is that a lawmaker cited something about FTX.US being "98% solvent" and asked John for confirmation of this. John stated that he couldn't give any figures at the moment, but there was generally truth to the statement that U.S. customers would be hurt less than others.

Here's an article that touches on it.

https://www.bloomberg.com/news/articles/2022-12-13/ftx-s-us-...

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