FTX Founder Claims Exchange Was Never Insolvent in Posted Document

Sam Bankman-Fried has posted a lengthy document on X claiming FTX was never insolvent and attributing its collapse to decisions by bankruptcy lawyers, not poor finances. He argues that mark-to-market gains on assets such as Solana and Anthropic could have made FTX worth over $100 billion today. These claims contradict financial filings stating otherwise. The post is part of his ongoing effort to reframe his conviction and win political sympathy, including lobbying for a presidential pardon, though prediction markets place his chances at around 10%.