Sam Bankman-Fried, in a recent prison interview, asserted that FTX was never insolvent, claiming the company had $15 billion in assets against $8.4 billion in liabilities at the time of its bankruptcy filing. He criticized bankruptcy professionals for devaluing the company by selling assets at market lows and incurring over $1 billion in fees. SBF also blamed regulators for contradictory compliance demands and poor legal advice.
The interview, conducted by the conservative X account @amuse, has been met with skepticism from the crypto community. Critics, including finance lawyer Scott Johnsson and former FTX US general counsel Ryne Miller, have dismissed SBF's claims, citing alleged misuse of customer funds and fabricated asset lists. They argue that improved recoveries do not excuse the pre-collapse decisions or the handling of user assets.
SBF Claims FTX Was Solvent, Crypto Community Skeptical
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