SBF Claims FTX Was Never Insolvent 💥

[cryptohog]

Disgraced FTX founder Sam Bankman-Fried (SBF) has released a new report claiming that his bankrupt crypto empire was never insolvent.

In “FTX: Where Did The Money Go?”, SBF alleges:

$20B of customer funds became $8B in debt due to bankruptcy lawyers, not fraud

FTX had ~$15B in assets during the November 2022 collapse

98% of creditors have already received 120% repayment

SBF blames the legal team and bankruptcy advisors for seizing control and causing “fire-sale” losses of over $120B in potential value.

[kelson10]

SBF’s narrative keeps shifting — the facts say otherwise. 🧾

[alex10]

If FTX wasn’t insolvent, where did the billions disappear? The math doesn’t lie.