FTX Was Never Insolvent According to Sam Bankman-Fried

FTX Was Never Insolvent: A Claim by Sam Bankman-Fried
In a recent post, Sam Bankman-Fried, the founder of FTX, asserted that FTX was never insolvent and that customers could have been compensated if scenarios had unfolded differently. This assertion is part of his ongoing effort to clarify his role in the collapse of his cryptocurrency exchange.
Key Points from His Defense
- Bankman-Fried's arguments focus on potential market recovery.
- He mentions liquidity issues that could have been resolved.
- The implications of leadership decisions during the crisis are discussed.
The legitimacy of these claims has incited much debate within the cryptocurrency community.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.