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SBF’s X Account Says FTX Was Never Insolvent—And FTT Would be $32 Billion Today
An account once used by Sam Bankman-Fried, founder and former CEO of bankrupt crypto exchange FTX, posted a link to a document on X late Thursday arguing the company was never insolvent, echoing arguments raised at his trial years ago. The 14-page document, supposedly written by the disgraced wunderkind and his team, claims the exchange did not go bankrupt because of a sweeping scheme to commit fraud and misappropriate $10 billion in customers' funds, as a Manhattan jury found in 2023. Instead, FTX faced a “liquidity crisis” that was “on track to be resolved by the end of the month,” purportedly disrupted by ... (full story)
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