“FTX Was Never Bankrupt,” Claims Sam Bankman-Fried
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The post “FTX Was Never Bankrupt,” Claims Sam Bankman-Fried appeared first on Coinpedia Fintech News According to new court filings, bankrupt crypto exchange FTX now holds around $136 billion in assets. The revelation has reignited debate about the company’s dramatic collapse and its controversial founder, Sam Bankman-Fried (SBF), who now insists that FTX “was never bankrupt.” FTX Bankruptcy Update 2025: FTX’s estate, which once faced an $8 billion shortfall, is now overflowing with assets spread across crypto, equity, and cash. Its portfolio includes $14.3 billion in Anthropic equity, $7.6 billion in Robinhood stock, $1.2 billion in Genesis Digital Assets, and $600 million in SpaceX shares through K5 Global. FTX holds 58 million SOL worth $12.4 billion, 890 million SUI ($2.9 billion), 205,000 BTC ($2.3 billion), 225.4 million XRP ($600 million), and 112,600 ETH ($500 million). Add to that $1.7 billion in cash and $345 million in stablecoins, and the numbers show how dramatically the value of FTX’s holdings has surged during the 2024–2025 bull run. Reports suggest that 98% of creditors have already received 120% repayment, with final payouts projected to reach up to 143%, meaning most users will ultimately get back more than they lost. Sam Bankman-Fried Claims FTX Was Never Bankrupt SBF’s legal team now argues that FTX was never insolvent, claiming customer assets “never left the platform” and that the exchange was solvent on a “fair-value basis” even during bankruptcy. But many in the crypto community see this as a desperate attempt at rewriting history. On-chain investigator ZachXBT blasted the claim, noting that creditors were repaid at November 2022 prices, when crypto values had crashed, not at today’s levels. “You clearly haven’t learned anything from your time in prison,” he wrote, accusing SBF of twisting facts to justify his past actions. Another X user pointed out that…
Filed under: News - @ October 31, 2025 9:27 am