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

Sam Bankman-Fried's X account has released a document claiming that the crypto exchange FTX was never insolvent, instead facing a liquidity crisis that allegedly could have been resolved shortly. The document suggests that FTX and its sister company Alameda Trading had approximately $25 billion in assets against $13 billion in liabilities at the time of bankruptcy. It posits that external counsel disrupted a resolution process, leading to the bankruptcy. The document asserts that should FTX and Alameda have survived, the exchange’s token, FTT, would be valued at nearly $22 billion today. Further claims indicate that FTX held significant investments in companies such as AI startup Anthropic and retail brokerage Robinhood, totaling around $136 billion in potential holdings.

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