Overview
- A document posted via his X account contends FTX faced a temporary liquidity crunch and alleges outside counsel forced the November 2022 Chapter 11 filing.
- The memo presents hypothetical mark-to-market valuations of roughly $136 billion for petition-date holdings, citing large stakes in Anthropic (about $14.3 billion) and Robinhood (about $7.6 billion) plus significant Solana and bitcoin.
- It asserts the estate still holds about $8 billion after fees and says roughly 98% of creditors have received 120% repayments, with final distributions projected between 119% and 143%.
- Crypto analysts and community investigators rejected the claims, noting repayments used 2022 prices and arguing the new narrative attempts to recast the collapse.
- FTT briefly rose about 2% to roughly $0.84 following the post, which also lands as his allies pursue a presidential pardon despite his 25-year sentence.