Sam Bankman-Fried Claims FTX Had 93B in Assets, Blames Panic for Collapse From Prison

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TheNewsCrypto 4d ago

Sam Bankman-Fried Claims FTX Had 93B in Assets, Blames Panic for Collapse From Prison - TheNewsCrypto

Quick Summary:

Sam Bankman-Fried (SBF), founder of the collapsed crypto exchange FTX, claims that the crypto exchange was never truly bankrupt and that if its restructuring had been handled differently, it would have been worth $93 billion today against $15 billion in liabilities.

Despite his assertions, Bankman-Fried remains in prison, while creditors are expected to receive some repayments from the recovered assets.

He argued that this proves FTX was never insolvent and that ‘panic,’ rather than actual financial failure, caused its collapse.