Sam Bankman-Fried Posts Lengthy 'FTX Was Never Insolvent' Document

Why It Matters

Analysts note the claims conflict with court‑filed bankruptcy disclosures and are unlikely to alter legal outcomes.

Summary

Sam Bankman‑Fried posted a 30‑page document on X asserting that FTX was never insolvent and that its assets, if marked‑to‑market, would be worth over $100 billion today, shifting blame to bankruptcy lawyers for the collapse. The filing includes tables of hypothetical gains on holdings such as Solana and Anthropic and claims customers could have been made whole in 2022. The post is part of a broader effort to reshape his image, lobby for a presidential pardon and counter his conviction. Analysts note the claims conflict with court‑filed bankruptcy disclosures and are unlikely to alter legal outcomes.