SBF’s New 15-Page Argument Faces Old Facts: Chapter 11 and Court-set Valuations

• An SBF-linked account posted a 15-page document claiming FTX was “never insolvent.”
• The document blames legal counsel and points to a $136B hypothetical asset value today
• ZachXBT rebutted the claim, noting creditors were paid at 2022’s low prices, causing massive losses

A social account tied to Sam Bankman-Fried shared a document arguing that FTX was never bankrupt and that lawyers forced a filing that derailed a short-term liquidity fix. The post revived a long-running claim that assets and equity exceeded liabilities in late 2022, while critics pointed to the bankruptcy on Nov 11, 2022 and to creditor claim values set at petition-date prices rather than today’s higher crypto prices. 

The clash puts numbers and timing at the center of the recovery debate.

Read The Full Article SBF’s New 15-Page Argument Faces Old Facts: Chapter 11 and Court-set Valuations On Coin Edition.