Sam Bankman-Fried’s Claims of FTX Solvency Pre-Collapse Spark Debate

The cryptocurrency world is still grappling with the aftermath of the FTX collapse, but Sam Bankman-Fried (SBF), currently imprisoned for fraud, is adding fuel to the debate. His claims that the exchange was not insolvent at the time of its dramatic downfall challenge the widely accepted narrative and raise critical questions about the events leading to bankruptcy. In his defense, SBF highlights his belief that FTX possessed substantial assets exceeding liabilities even as the company filed for bankruptcy. He uses figures from a report by Decrypt: $25 billion in total assets, $16 billion in FTX equity against only $13 billion in liabilities.