SBF: Competitor Is Producing Rumors, Love to Work with CZ for Ecosystem

SBF gave updates about FTX on Twitter, saying that "a competitor is trying to go after us with false rumors. FTX is fine. Assets are fine."

"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." He also claimed that FTX is heavily regulated. It has GAAP audits and over $1 billion excess cash.

Finally, SBF responded to his argument with CZ, "I'd love it, CZ, if we could work together for the ecosystem."