Sam Bankman-Fried Posts Lengthy 'FTX Was Never Insolvent' Document

Sam Bankman-Fried has publicly asserted that FTX was never insolvent, attributing the company's collapse to bankruptcy lawyers rather than the state of its finances. In a recently posted document, he claims that FTX's assets could potentially exceed $100 billion today, a figure that contradicts current financial filings. The document includes various tables outlining hypothetical market gains from assets previously held by FTX, including Solana and Anthropic, suggesting the exchange could have fully repaid its customers. This latest statement is part of a broader effort by Bankman-Fried to reshape his public image and garner political sympathy, as he seeks a presidential pardon, despite analysts estimating low odds of success. His defenders have reportedly engaged legal counsel connected to former President Trump in their lobbying efforts for a pardon, further indicating Bankman-Fried's attempts to rewrite the narrative surrounding FTX's downfall and his own conviction.

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