FTX in a report to creditors informed that about $415 million had been stolen in the crypto hack.
Reports suggest $323 million worth of cryptocurrencies had been hacked by FTX's international exchanges and $90 million by US exchange since filing for bankruptcy on November 11.
During a statement on Tuesday, SBF refuted the calculations and said lawyers at Sullivan & Cromwell presented an "extremely misleading" picture of the company's finances.
SBF further added that FTX has more than enough money to repay US customers whom he says are owed between $181 million and $497 million based on his estimate.
However, SBF does not have access to FTX records since he stepped down as CEO in November.
Recent reports show FTX is said to have recovered $5 billion in cash and liquid cryptocurrencies.
FTX’s New CEO John J. Ray III said in a statement “it has taken a Herculean investigative effort from our team to uncover this preliminary information.”