US EditionSam Bankman-Fried Claims 'FTX Was Never Bankrupt,' Blames Lawyers For 'Bogus' Filing
- On Tuesday, Sam Bankman-Fried posted on X that FTX was `never bankrupt` and blamed Sullivan & Cromwell lawyers for filing a bogus Chapter 11 without his personal involvement.
- After Alameda Research's deficit surfaced in late 2022, court records show FTX became deeply insolvent, while a former FTX.US executive argued its wallets weren't affected and shouldn't be in bankruptcy.
- Filings allege Mr. Miller insisted on including FTX.US to pay Sullivan & Cromwell's retainer and claim the firm planned to direct over $200 million from LedgerX.
- Alex Wice argued Judge Kaplan blocked key evidence and claimed only a `tiny fraction` was missing, suggesting FTX customers would have been paid faster without Bankman-Fried's bankruptcy filing.
- Judges and prosecutors found Bankman-Fried siphoned more than $8 billion, and post-collapse recoveries with the crypto bull market raised creditor payouts, but judges say later solvency does not erase prior fraud.
19 Articles
19 Articles
Sam Bankman-Fried Claims 'FTX Was Never Bankrupt,' Blames Lawyers For 'Bogus' Filing
Sam Bankman-Fried on Tuesday posted on X that FTX was "never bankrupt," alleging lawyers filed a bogus bankruptcy four hours after taking control to siphon funds, despite court findings of an $8 billion customer gap that led to his 25-year fraud sentence. The Bombshell Claims Bankman-Fried claimed he never personally filed for bankruptcy and blamed Sullivan & Cromwell lawyers for the Chapter 11 filing. The post referenced court documents allegi…
FTX Founder Claims the Exchange Was “Never Bankrupt” More Stories ETHNews
Sam Bankman-Fried has reignited controversy from prison, claiming that FTX was “never bankrupt” and that lawyers filed a “bogus” bankruptcy petition just hours after taking control of the company. In a recent statement, Bankman-Fried argued that he never authorized a bankruptcy filing and alleged that legal advisors moved quickly to place FTX into Chapter 11 in order to extract value through legal fees. He claims the decision was rushed, unneces…
Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, has been sentenced to 25 years in prison. (Archive photo) Bebeto Matthews/AP/dpa Convicted of fraud, crypto entrepreneur Sam Bankman-Fried has filed for a retrial. The 33-year-old argues that two former executives of his collapsed cryptocurrency exchange FTX could provide exculpatory testimony. The request was filed by his mother, while Bankman-Fried is representing himself in the pr…
Sam Bankman-Fried's New Trial Bid: FTX Founder Challenges Conviction Citing Ineffective Counsel
In a move that has once again put the spotlight on the infamous FTX collapse, Sam Bankman-Fried (SBF), the convicted founder of the cryptocurrency exchange, has formally requested a new trial. The plea, filed on February 10, 2026, cites ineffective assistance of counsel during his previous proceedings, sparking renewed debate and prolonging the legal saga surrounding one of the crypto industry’s most high-profile downfalls. This development come…
Breaking: FTX's Sam Bankman-Fried (SBF) Seeks New Trial Amid Push For Trump's Pardon
Jailed FTX founder Sam Bankman-Fried (SBF) has filed a motion seeking a new trial in his fraud case in New York federal court. The pro se filing entered the Southern District of New York docket on February 10, 2026, according to Inner City Press. SBF argued his trial violated due process, while his push comes The post Breaking: FTX’s Sam Bankman-Fried (SBF) Seeks New Trial Amid Push For Trump’s Pardon appeared first on CoinGape.
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