FTX top lawyer quashes SBF solvency claims. Credit: Credit: Tom Williams/CQ-Roll Call, Inc via Getty Images. Key Takeaways FTX’s ex-general counsel says the exchange was insolvent when it filed for bankruptcy. Ryne Miller dismissed claims by Sam Bankman-Fried that customer assets were recoverable. SBF’s appeal hinges on the argument that FTX was solvent and mishandled, not fraudulent. Almost three years after FTX’s spectacular collapse, Sam Bankman-Fried (SBF) is preparing for an appeal built aro ...