Miller lobbying S&CWhat seemed to be just Bankman-Fried’s soliloquy has been given further credence by FTX’s former in-house lawyer Daniel Friedberg. The latter filed a declaration of support of Winter’s objection to retaining S&C as bankruptcy counsel. 4) FTX International currently has a total market value of assets/collateral higher than client deposits (moves with prices!). How could the crypto of the Debtors not be secured upon filing the bankruptcy?” Friedberg said. TLDR: FTX US is solvent, but was included in bankruptcy since they have cash to pay S&C lawyers.

Source: Forbes January 20, 2023 16:08 UTC