Foresight News|10月 31, 2025 03:20
[SBF: FTX Was Never Actually Insolvent, Customer Assets Were Always Fully Repayable]
Foresight News reports that former FTX CEO SBF has released a report titled 'FTX: Where Did The Money Go?'. The report states that FTX was never actually insolvent, and customer assets were always sufficient to be fully repaid. Approximately 98% of creditors have received 120% compensation, and after paying around $8 billion in claims and $1 billion in legal fees, the bankruptcy estate still has $8 billion remaining. The bankruptcy management team caused a loss in company value and delayed repayments for three years, and it claims that FTX at the time only faced a 'liquidity crisis' rather than true bankruptcy.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink