SBF: FTX once had the ability to repay, and is currently compensating customers at a ratio of 119%-143%

SBF posted on platform X stating that he listed 10 "myths" about himself and FTX, the first being "FTX is insolvent/$8 billion has disappeared." SBF claimed that the fact is FTX once had the ability to repay, and is currently compensating customers at a ratio of 119%-143%. He added that FTX could have repaid customers in kind, but after lawyers paid themselves $1 billion, they chose to quickly split assets and slowly repay customers.