FTX Post-Prison Narrative: SBF’s X Account Claims Exchange Was Solvent, Projects $22B FTT Valuation

In a dramatic post-conviction development, Sam Bankman-Fried's X account has released a 14-page document challenging the fundamental premise of the FTX collapse. The late Thursday publication asserts that FTX was never actually insolvent but merely faced a liquidity crisis, directly contradicting the fraud verdict that landed the former CEO in federal prison. This bold claim, emerging from what appears to be coordinated messaging from Bankman-Fried's camp, represents the most comprehensive attempt yet to reframe the narrative around one of cryptocurrency's most spectacular failures. The document presents an alternative history where FTX and its sister trading firm Alameda Research could have survived the November 2022 crisis, projecting that the exchange's native token FTT would be worth approximately $22 billion in today's market. This staggering valuation claim comes despite FTT's current status as a largely dormant asset following the exchange's catastrophic collapse and subsequent bankruptcy proceedings. This latest development echoes Bankman-Fried's March jailhouse interview with Tucker Carlson, where he similarly maintained that FTX possessed sufficient assets to cover customer liabilities. The timing and content suggest an organized effort to rehabilitate Bankman-Fried's legacy while potentially influencing ongoing legal proceedings and public perception. The document's release through social media rather than formal legal channels indicates a strategic appeal to the court of public opinion, leveraging the platform where Bankman-Fried once commanded significant influence. For the cryptocurrency community, these claims reignite debates about what truly caused FTX's downfall and whether proper regulatory frameworks could have prevented the crisis. The $22 billion FTT valuation projection particularly stands out as either a bold reimagining of what might have been or a speculative fantasy detached from market realities. As the legal and reputational battles continue, this document ensures that the FTX saga remains very much alive in the crypto consciousness, serving as both a cautionary tale and a source of ongoing controversy.

SBF’s X Account Claims FTX Was Never Insolvent, FTT Would Be Worth $22B Today

Sam Bankman-Fried’s X account posted a 14-page document late Thursday, arguing FTX was never insolvent—contradicting the fraud verdict that sent him to prison. The document claims the exchange faced a liquidity crisis, not bankruptcy, and that FTT WOULD be valued at $22 billion had FTX and Alameda survived.

The narrative mirrors Bankman-Fried’s March jailhouse interview with Tucker Carlson, where he insisted FTX had sufficient funds to repay creditors. At the time of collapse, the company allegedly held $25 billion in assets.

This revisionist account clashes with the jury’s 2023 finding of an $8 billion customer fund shortfall. The document blames external counsel for prematurely forcing bankruptcy, a claim likely to fuel ongoing debates about FTX’s true financial state.

SBF Claims FTX Was Never Insolvent, Customers to Receive 119%-143% Repayments

Sam Bankman-Fried asserts FTX was solvent at the time of its bankruptcy filing, with $8 billion in customer assets remaining on the platform. Nearly all affected users will recover between 119% and 143% of their losses, with 98% of creditors already receiving 120% payouts.

The bankruptcy estate retains $8 billion after covering claims and legal fees, marking an extraordinary recovery for a collapsed exchange. This outcome challenges conventional narratives about exchange failures, demonstrating rare creditor protection in crypto bankruptcies.