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Sam-Bankman Fried once again maintains that he is innocent.
The former FTX boss published a long paper on X this week claiming that the exchange “has never been insolvent” and that bankruptcy lawyers, no bad balanceswere to blame for the collapse of the company.
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The document is replete with tables showing hypothetical “mark-to-market” earnings on the once-held FTX assets, from Solana to Anthropic, implying the company would be worth more than $100 billion today if not for the lawyers.
However, many of the document’s central claims, such as the assertion that FTX “has never been insolvent” and could have reimbursed clients in full, it is not in line with the financial files.
The post is the latest volley in Bankman-Fried’s broader campaign to bolster her conviction and win political sympathy. As The New York Times reportedhis relatives and legal allies have been quietly lobbying for a presidential pardon, enlisting the Trump-connected lawyer Kory Langhofer and even arranging a prison interview with Tucker Carlson.
The traders of the prediction market on Kalshi it only gives a probability of about 10% of receiving Trump’s pardon, suggesting that the post may be aimed at changing these odds through a rehabilitation of its image as much as rewriting the history of FTX.
