Sam Bankman-Fried insists FTX maintained asset surplus during bankruptcy, challenges debtor actions, and underscores disputes over funds withheld from certain creditors.
On November 7, Sam Bankman-Fried stated via social media that FTX remained solvent throughout its bankruptcy proceedings, with assets exceeding liabilities. He contended that control of the process was excessive and highlighted ongoing disputes involving funds withheld from certain creditors. This builds on earlier statements asserting FTX’s solvency and criticising debtors for retaining funds, as well as noting creditors' efforts, including those of Mr. Ji, in addressing the matter. Bankman-Fried has also expressed intentions to appeal his 25-year prison sentence, disputing the fairness of his fraud conviction.