Markets
What to know:
- Sam Bankman-Fried claims FTX was never insolvent and blames bankruptcy lawyers for the company’s collapse-because obviously, lawyers are the real villains here. 🕴️
- The document he posted suggests FTX’s assets could be worth over $100 billion today, contradicting financial filings. (Spoiler: It’s a bit of a stretch.) 💸
- Bankman-Fried’s efforts to reshape his image include seeking a presidential pardon, though his chances are currently low-like a snowball’s in a crypto winter. ❄️
Sam Bankman-Fried is back, flapping like a startled penguin, insisting he’s innocent (again).
The former FTX chief posted a lengthy document on X this week claiming that the exchange “was never insolvent” and that bankruptcy lawyers, not bad balance sheets, were to blame for the company’s collapse. Because who needs math when you’ve got drama? 🎭
The document is packed with tables showing hypothetical “mark-to-market” gains on assets FTX once held, from Solana to Anthropic, implying the company would be worth over $100 billion today if not for the lawyers. If only those pesky lawyers hadn’t ruined it! 🤷♂️
Yet many of the document’s central claims, like the assertion that FTX “was never insolvent” and could have repaid customers in full, do not line up with financial filings. To be fair, the filings don’t exactly corroborate his version of events. 📜
The post is the latest volley in Bankman-Fried’s broader campaign to reframe his conviction and win political sympathy. His parents and legal allies have been quietly lobbying for a presidential pardon, enlisting Trump-connected lawyer Kory Langhofer and even arranging a jailhouse interview with Tucker Carlson. Because nothing says “rehabilitation” like a chat with Tucker. 🧣
Prediction market traders on Kalshi give him only about a 10% chance of receiving a Trump pardon-because why not add a dash of chaos? The post may be aimed as much at shifting those odds through a rehabilitation of his image as at rewriting FTX’s history. Either way, it’s a show we didn’t ask for but here we are. 🎪
Read More
- Gold Rate Forecast
- 12 Saddest Backstories in My Hero Academia, Ranked
- Brent Oil Forecast
- SILENT BUT DEADLY: Top 8 Stealth Weapons in Cyberpunk 2077 You Need Now
- The Elder Scrolls 4 Oblivion Remastered Guide – How To Sell Stolen Goods
- Silver Rate Forecast
- Oblivion Remastered: How to Restock Shops
- Obi-Wan Star Cards: Ranked
- Monster Hunter Wilds Tempered Gore Magala Guide: How To Defeat, Weaknesses, and More
- Top 8 UFC 5 Perks Every Fighter Should Use
2025-10-31 12:31