SBF’s X Account Says FTX Was Never Insolvent—And FTT Would be $22 Billion Today
Update: 2025-10-31
Description
On Halloween, a mysterious document surfaced on X, defending FTX's collapse. The file, allegedly written by Sam Bankman-Fried, claims FTX was never insolvent and blames lawyers for its downfall. The document presents a rosy financial picture, with FTX and its sister company Alameda potentially worth $136 billion today. However, the fight over FTX's assets continues, with lawsuits and bankruptcy repayments ongoing. Adding to the drama, there are rumors of a push to get former President Trump to pardon Bankman-Fried, who faces up to 25 years in prison.
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