“FTX has enough to cover all client holdings. We don't invest client assets (even in treasuries). We have been processing all withdrawals, and will continue to be.”
Four days after this public assurance, FTX filed for bankruptcy. Bankman-Fried was subsequently convicted on seven counts of fraud and conspiracy after evidence showed customer funds had been routed to his hedge fund Alameda Research.
As of 2026-10-15, the entity has issued no public correction, retraction, or course-change. The platform has tracked this promise continuously since 2026-05-03.
https://www.goblinhouse.net/lies/sbf-ftx-customer-funds-safe-2022Goblin House. "Sam Bankman-Fried: Bankman-Fried: 'FTX has enough to cover all client holdings. We don't invest client assets.'" (documented promise). Goblin House — The Architecture of Secrecy. Accessed October 15, 2026. https://www.goblinhouse.net/lies/sbf-ftx-customer-funds-safe-2022.Sourced from public records and content-hashed; verify via /attestation, standard at /methodology.