SBF’s X Account Says FTX Was Never Insolvent—And FTT Would be $32 Billion Today

Sam Bankman-Fried's X account has shared a document arguing that FTX was never insolvent, contradicting the trial findings and claiming a liquidity crisis rather than fraud. The document suggests that, had FTX and sister firm Alameda survived, they would have significant assets valued at $136 billion. It asserts that FTX had $25 billion in assets against $13 billion in liabilities at the time of collapse. Furthermore, it claims that the FTT token would be worth nearly $22 billion today. Bankman-Fried maintains that the company was on track to resolve its issues, disrupted by external legal influences, and he insists that there was enough money to pay back all creditors. In a related update, the FTX Recovery Trust plans to distribute $1.6 billion to creditors, recovering partially their claims from FTX's bankruptcy estate.

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