Sam Bankman-Fried Says FTX Was Solvent at Collapse

The post Sam Bankman-Fried Says FTX Was Solvent at Collapse appeared first on Coinpedia Fintech News

Sam Bankman-Fried has argued that FTX was financially sound at the time it filed for bankruptcy, claiming the platform held sufficient assets to meet customer balances even after withdrawals were frozen. Speaking amid his prison sentence, he maintains that users have since been repaid in full and says this should be considered in his request for a reduced sentence. His remarks have reopened debate over the exchange’s liquidity, asset management, and the true state of its finances before the collapse.