Overview
- An X account linked to Sam Bankman-Fried shared a 14–15 page document asserting FTX faced a temporary liquidity crunch rather than insolvency and blaming external counsel for pushing the Chapter 11 filing.
- The document cites updated valuations suggesting FTX and Alameda’s petition-date holdings would be worth about $136 billion today, including stakes in Anthropic at $14.3 billion and Robinhood at $7.6 billion.
- The filing claims roughly 98% of creditors have received 120% of their claims and alleges the estate still holds about $8 billion after legal expenses.
- Bankman-Fried’s narrative conflicts with the legal record, as he was convicted of fraud in 2023 and sentenced in March 2024 to 25 years in prison with forfeitures, which he is appealing.
- The post drew swift reactions: FTT briefly rose about 2% to roughly $0.84 before easing, and investigators criticized the claims, noting customers were repaid at 2022 prices while the estate continues recovery actions such as the lawsuit seeking $1.15 billion from Genesis Digital Assets.