SBF’s X Account Says FTX Was Never Insolvent—And FTT Would Be $22 Billion Today

Core Viewpoint - The document claims that FTX was never insolvent and attributes its downfall to a liquidity crisis rather than fraud, contradicting the findings of a jury in 2023 [1][2]. Financial Position - FTX reportedly had $25 billion in assets and $16 billion in equity value against $13 billion in liabilities at the time of its collapse [3]. - The document suggests that if not for the actions of external counsel, FTX and Alameda Trading could have had holdings worth approximately $136 billion [3]. Asset Valuation - The document lists significant investments, including a $14.3 billion stake in AI startup Anthropic and a $7.6 billion investment in Robinhood, among other assets [4]. - It claims that the FTX token (FTT) would be valued at nearly $22 billion if FTX and Alameda were still operational [5]. Legal Context - The FTX Recovery Trust is pursuing legal action against Genesis Digital Assets to recover $1.15 billion, alleging misappropriation by Bankman-Fried [4]. - There are claims of a movement to persuade former President Trump to pardon Bankman-Fried, following the pardon of Binance founder Changpeng Zhao [5][6].