‘FTX Was Never Insolvent:’ SBF’s X Account Sparks Chaos From Behind Bars

Sam Bankman-Fried’s (SBF) long-dormant X account unexpectedly came back to life on Thursday night, posting a link to a 14-page document claiming that FTX was “never insolvent.” The upload, which appeared years after the exchange’s collapse and the founder’s 25-year prison sentence, rehashed familiar talking points from his 2023 trial while injecting a fresh dose of ￰0￱ document, allegedly written by SBF and his team, insists that FTX’s downfall was not due to a $10 billion fraud as a Manhattan jury concluded. Instead, it was due to a “liquidity crisis” that could have been “resolved by the end of the month” if not for “external counsel” who supposedly derailed the ￰1￱ Walls Can’t Stop the Spin It claims FTX held $25 billion in assets and $16 billion in equity value against $13 billion in liabilities at the time of its collapse, and argued that had lawyers not stepped in, its portfolio would now be worth an eye-popping $136 billion, including stakes in Anthropic, Robinhood, and Ripple.