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FTX Was Solvent and Creditors Received 143% In Repayments: SBF Says

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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.

3d ago
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