Sam Bankman-Fried Claims FTX Had 93B in Assets, Blames Panic for Collapse From Prison –

• Sam Bankman-Fried claims FTX had $93 billion in assets and $15 billion in liabilities before its collapse, blaming panic and mismanagement for its downfall.
• SBF claims FTX collapsed due to panic and external interference, not financial failure.

Sam Bankman-Fried (SBF), founder of the collapsed crypto exchange FTX, claims that the crypto exchange was never truly bankrupt and that if its restructuring had been handled differently, it would have been worth $93 billion today against $15 billion in liabilities.  

Sam Bankman-Fried has made headlines again with his latest interview from prison, where he spoke with Tucker Carlson. Speaking from prison SBF insisted that FTX had sufficient assets to repay all customers when it collapsed in November 2022, but external interference, including political motives, led to its downfall.

He also acknowledged the situation as a “colossal disaster.” Despite his conviction, he did not express regret over his actions, drawing comparisons to past financial controversies like the Silk Road​.

SBF Claims Bankruptcy Team Hid Assets but Faces Skepticism

In his first interview since being sentenced to 25 years for fraud, Bankman-Fried alleged that the bankruptcy team initially downplayed the company’s assets, later revealing they had recovered more funds than expected. He argued that this proves FTX was never insolvent and that ‘panic,’ rather than actual financial failure, caused its collapse.

However, these claims have been met with skepticism as investigations showed that billions of dollars were mismanaged, particularly through FTX’s sister company, Alameda Research. Despite his assertions, Bankman-Fried remains in prison, while creditors are expected to receive some repayments from the recovered assets​.

Highlighted Crypto News Today: 

Bitcoin Slides to $87K Despite Crypto Summit and Strategic Reserve Execution

share