FTX Solvency Dispute Erupts Amidst Bankruptcy Chaos

The bankruptcy proceedings surrounding FTX continue to be marked by legal disputes over the exchange’s solvency. FTX’s former CEO, Sam Bankman-Fried, insists that the company was never insolvent, while John J. Ray III, FTX’s current CEO, argues against this assertion. This disagreement is a significant point of contention as it raises questions regarding asset recovery and potential impacts on market stability.