FTX Was Solvent and Creditors Received 143% In Repayments: SBF Says
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Sam Bankman-Fried claims FTX was solvent and has repaid customers 119-143%, disputing the insolvency narrative. The ongoing legal battle involves an $8 billion bankruptcy hole and recovery data interpretation. SBF's team is preparing for a new trial following a failed presidential pardon.
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- SBF claims FTX was solvent and highlights customer repayments of 119–143%, challenging the collapse narrative.
- The dispute centers on the $8B hole, bankruptcy mechanics, and how recovery data is interpreted.
- The SBF attorneys are preparing for a new trial after a Presidential pardon failed to materialize.
Former FTX CEO Sam Bankman-Fried (SBF) claims that FTX was never insolvent. SBF shared an X post on Friday, February 20, stating that the FTX exchange is now repaying customers at rates of 119% to 143%.
SBF is fighting for his freedom after he was sentenced to 25 years imprisonment in a federal prison. Notably, SBF has failed to secure a pardon from President Donald Trump akin to Binance founder Changpeng Zhao (CZ) and Ross Ulbricht
“FTX could afford to repay in kind, until lawyers paid themselves $1b to quickly dismantle the estate, and slowly repay cust…
Read The Full Article FTX Was Solvent and Creditors Received 143% In Repayments: SBF Says On Coin Edition.
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