SBF’s X account claims company was never bankrupt despite legal filing
Crypto Briefing
Sam Bankman-Fried's representative claimed FTX was never bankrupt, despite the 2022 Chapter 11 filing.Summary
Sam Bankman-Fried, through a representative on X, asserted that the defunct cryptocurrency exchange FTX was never truly bankrupt, even though it filed for Chapter 11 protection in November 2022. This claim challenges the established legal narrative of FTX's collapse. Bankman-Fried's team argues that the bankruptcy filing overlooked key assets and that certain operations remained solvent when proceedings started, suggesting the decision to file was premature. These public statements emerge amid ongoing efforts to recover user funds from the exchange's estate following its collapse amid allegations of financial mismanagement.
(Source：Crypto Briefing)