FTX Bankruptcy: SBF Claims Rebuttal Sparks Controversy

Sam Bankman-Fried, FTX’s former CEO, has challenged the bankruptcy claims surrounding the exchange, asserting that all creditors will be repaid despite the 2022 liquidity crisis. This assertion comes as John J. Ray III, FTX’s post-bankruptcy CEO, continues to navigate asset recovery and faces criticism from disgruntled creditors regarding legal fees and compensation. Despite SBF’s claims, FTX remains embroiled in legal disputes, with customers receiving partial restitution while market reactions remain mixed.