ChainCatcher news, according to Forbes, in a recent motion filed with the U.S. District Court for the District of Delaware, the bankruptcy expert currently managing SBF said that the 2021 tax returns of these entities collectively showed a carry-over net operating loss of $3.7 billion. This means that his business (mainly including Alameda Research and FTX) has a net loss of $3.7 billion since its inception. Although SBF stated that the losses have only occurred recently, in fact, the huge losses can be traced back to at least 2021, and most likely earlier.

Last year, SBF told Forbes that Alameda made $1 billion in profit in 2020. According to CNBC, FTX's financial results from 2021 showed that it was profitable in 2021, with net income of $388 million. Earlier this year, SBF repeatedly stated in an interview with Bloomberg that FTX was profitable. (Forbes)