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Sam Bankman-Fried Says FTX Was Solvent at Collapse

Published by
Sohrab Khawas

Sam Bankman-Fried has argued that FTX was financially sound at the time it filed for bankruptcy, claiming the platform held sufficient assets to meet customer balances even after withdrawals were frozen. Speaking amid his prison sentence, he maintains that users have since been repaid in full and says this should be considered in his request for a reduced sentence. His remarks have reopened debate over the exchange’s liquidity, asset management, and the true state of its finances before the collapse.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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