Sam Bankman-Fried’s X Account Claims FTX Was Never Bankrupt
The post Sam Bankman-Fried’s X Account Claims FTX Was Never Bankrupt appeared on BitcoinEthereumNews.com.
An account used by Samn Bankman-Fried, founder and former CEO of bankrupt cryptocurrency exchange FTX, has claimed the exchange was never insolvent, echoing arguments raised during his trial. FTX claims the estate still owns $8 billion, three years after the dramatic collapse of the exchange. FTX Was Never Insolvent An account used by FTX founder Sam Bankman-Fried has shared a link to a document claiming the company was never insolvent, raising similar arguments that were raised during Bankman-Fried’s trial. The 14-page document, reportedly written by Bankman-Fried and his team, claims the exchange did not go bankrupt because of a scheme to commit fraud and misappropriate $10 billion in customer funds. Instead, it argued that FTX faced a liquidity crisis that was on track to be solved by the end of the month. However, this was disrupted by FTX’s external counsel, who seized control of the platform.
“FTX was never bankrupt, even when its lawyers placed it into bankruptcy.”
The document echoed an interview given by Bankman-Fried to conservative political commentator Tucker Carlson. Bankman-Fried had said there was enough money to pay every creditor when the exchange collapsed. FTX’s Purported Assets The document claims FTX had $25 billion in assets, along with $16 billion in FTX equity value against $13 billion in liabilities. It further argues that had lawyers not sold off assets it had invested in, FTX and its sister firm Alameda Research would have holdings worth around $136 billion. That would entail a $14.3 billion stake in artificial intelligence (AI) startup Anthropic, and a $7.6 billion investment in Robinhood. Other assets include investments in Ripple and Bitcoin mining firm Genesis Digital Assets. The FTX Recovery Trust has filed a lawsuit against Genesis Digital Assets to recover $1.15 billion that it claims Bankman-Fried misappropriated. The document also claims…
Filed under: News - @ November 1, 2025 9:27 pm