Sam Bankman-Fried Posts Lengthy 'FTX Was Never Insolvent' Document
CoinDesk
Sam Bankman-Fried posted a document claiming FTX was never insolvent and blaming bankruptcy lawyers for its collapse.Summary
FTX founder Sam Bankman-Fried posted a lengthy document on X arguing that the exchange "was never insolvent" and that bankruptcy lawyers, rather than poor financial health, caused the company's downfall. The document includes tables suggesting hypothetical mark-to-market gains on assets like Solana and Anthropic, implying FTX could be worth over $100 billion today if not for the legal proceedings. However, many of the document's central assertions, particularly that FTX could have repaid customers, contradict official financial filings. This post is part of Bankman-Fried's ongoing campaign to reframe his conviction, as his allies reportedly lobby for a presidential pardon.
(Source：CoinDesk)