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

Sam Bankman-Fried's X account shared a document claiming that the bankrupt crypto exchange FTX was never insolvent. The document argues that FTX faced a liquidity crisis rather than a fraud scheme leading to bankruptcy, and insists this crisis could have been resolved shortly. It states that at the time of its collapse, FTX had $25 billion in assets against $13 billion in liabilities. If allowed to operate without interference, FTX and its affiliated firm Alameda Trading would reportedly have amassed holdings worth approximately $136 billion. This included investments in companies such as Anthropic and Robinhood, with an estimated token worth of $22 billion for FTT had FTX and Alameda survived. The claims reiterate arguments presented during Bankman-Fried's trial, suggesting that the exchange had the means to pay back all creditors at the time of bankruptcy.

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