Sam Bankman-Fried's FTX Defense: His Claim That It Did Not Go Bankrupt

Did FTX Ever Go Bankrupt?

Sam Bankman-Fried claimed that FTX never went bankrupt. Bankman-Fried attributed the collapse of the bankrupt company to bankruptcy lawyers. This statement has caused a significant stir in the market.

Is Asset Value Over 100 Billion Dollars?

Documents shared by Bankman-Fried indicate that FTX's assets could today be worth over 100 billion dollars. This claim creates a contradiction with the company’s previous financial statements.

Efforts to Renew Image

The former exchange CEO is seeking a presidential pardon as part of his efforts to reshape his image. However, the outcome of this request is likely to be unfavorable. Bankman-Fried's situation is being closely monitored by investors and market observers.