SBF Filing Claims FTX Was Solvent Before Bankruptcy

[cryptoenthusiast]

In his latest legal push, Sam Bankman-Fried argues that FTX and Alameda Research were solvent at the time of their November 2022 bankruptcy filing — directly contradicting the prosecution’s narrative at trial. A new declaration cited in court documents claims the companies’ assets exceeded liabilities, challenging the portrayal of an $8.9 billion shortfall.

Bankman-Fried has previously maintained that outside investment opportunities could have stabilized the exchange before control was handed to bankruptcy specialist John J. Ray III — a move he later called his “biggest mistake.” The new filing seeks to use this testimony as grounds for a retrial, potentially reopening one of the most consequential cases in crypto history.

#Crypto #FTX #SBF #BitcoinNews #FinancialMarkets

[etfs]

lol sbf still out here claiming ftx was solvent, wild how this saga never ends