FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto

FTX Founder Sam Bankman-Fried Undeterred By Prison, Shares What Happened To Users’ Crypto

Through a monitored X social media account managed by a friend, FTX founder Sam Bankman-Fried has shared new details about what happened to users’ crypto after he was incarcerated for misusing funds, which led to the loss of approximately $10 billion in customer deposits. SBF claims that most customer assets were never lost and that nearly all legitimate claims have already been repaid. His statements have sparked renewed discussions about FTX’s…

FTX Estate Plans 2025 Payouts At 2022 Prices, Giving SBF An Opening To Blame Lawyers

Sam Bankman-Fried, posting through a proxy, said FTX had enough assets to repay creditors in kind when lawyers took over, including the full $6.5B disputed-claims reserve He accused the debtors’ team of holding funds and keeping a solvent exchange in Chapter 11, echoing frustrations from some creditors about dollar-based 2025 payouts On-chain investigator ZachXBT pushed back by resurfacing the $40M China-bribery flow tied to SBF, challenging his…

SBF Challenges FTX Bankruptcy Narrative

SBF claims FTX was solvent in 2022 and that bankruptcy actions caused massive value losses. Creditors allege John J. Ray’s team mishandled FTX assets and incurred record legal costs. FTX creditors repaid 120%, but repayments were dollarized, missing crypto price appreciation. Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, issued a public statement on X, addressing ongoing concerns about FTX’s management of creditor funds…