💣Truth bomb on FTX just dropped:
Former FTX data guru
@danchapsky under oath, he exposes the FTX bankruptcy corruption: FTX was solvent, but professionals lied to enrich themselves.
🤬FTX was always solvent; customers could receive funds within months if the greedy lawyers had not forced FTX into bankruptcy;
🤬FTX US, Japan, Europe had sufficient cash reserves to fully repay customers on the spot, but the greedy lawyers folded them into bankruptcy.
🤡John Ray, CEO of the debtors, is accused of misleading Congress, the media, and the Official Committee of Unsecured Creditors about FTX’s true financial condition.
🤡Alvarez & Marsal, the firm running the bankruptcy, is accused of deliberately inserting errors into FTX’s financials. A director allegedly admitted the “misrepresentations weren’t a mistake — they were a strategic decision.”
🤡Even the court-appointed examiner faces accusations of collusion. Though he reportedly found FTX US solvent and liquid, he avoided stating it plainly to shield Sullivan & Cromwell and the debtors.