SBF said that FTX was never bankrupt and that he never filed for it.
He states that the lawyers seized the company and quickly filed for bogus bankruptcy.
Court records and experts have shown that there was serious financial mismanagement.
Sam Bankman-Fried, the former CEO of the defunct FTX exchange, has repeated a controversial claim that the exchange wasn’t actually insolvent when it declared bankruptcy in November 2022. In a post on X, he said, “FTX was never bankrupt. I never filed for it.”
He suggests that lawyers pushed for the filing to serve their own interests, seizing the company and quickly filing what he calls a “bogus bankruptcy.” Earlier, he said FTX’s US branch was solvent when its wallets were reviewed, and it shouldn’t have been part of the bankruptcy.
Also, Bankman-Fried blamed the Biden administration, saying his prosecution and the …
Read The Full Article SBF Challenges FTX Bankruptcy, Claims The Exchange Was Always Solvent On Coin Edition.