Sam Bankman-Fried (SBF) crew on Friday revealed an estimated $136 billion in petition-date holdings of beleaguered crypto trade FTX. They declare “FTX was by no means bankrupt, even when its legal professionals positioned it into chapter 11.”
The crypto neighborhood criticized the SBF crew for spreading misinformation, with calls rising to not pardon him. The neighborhood nonetheless doesn’t belief him.
SBF Staff Alleges “FTX Was By no means Bancrupt”
In an X put up on October 31, the SBF crew shared a doc revealing the place all the cash went and stated, “FTX was by no means bancrupt.” The crew added that $8 billion in buyer belongings owed by no means left the trade when its legal professionals filed for chapter safety.
About 98% of collectors have already repaid 120%. They declare that every one clients will obtain 119% to 143% compensation. After repaying $8 billion in claims and $1 billion in lawyer charges, the property nonetheless owns $8 billion after three years of the November 2022 collapse.
The crew alleges that they confronted a liquidity disaster resulting from a sudden scarcity of money. 7 million clients deposited round 20 billion {dollars}. “It was on observe to be resolved by the tip of the month – that’s, till FTX’s exterior counsel seized management,” stated SBF.
FTX’s Shares and Crypto Asset Holdings
Right this moment, the crypto trade’s petition-date holdings are estimated at $136 billion, together with $14.3 billion in Anthropic fairness, $7.6 billion in Robinhood (HOOD) inventory, $1.2 billion in Genesis Digital Property, $600 million in SpaceX (through K5 International).
As well as, crypto holdings are 58 million SOL ($12.4B), 890 million SUI ($2.9B), 205K BTC ($2.3B), 225.4 million XRP ($600M), 112.6K ETH ($500M), together with having $1.7 billion in money and $345.2 million in stablecoins.
Crypto Group’s Reactions to SBF Publish
On-chain investigator ZachXBT claims clients have really taken large losses as they held belongings like SOL or BTC. The collectors had been paid from crypto costs on the time of the November 2022 chapter and never at present costs.
“Illiquid investments price extra at the moment are only a coincidence. You clearly haven’t any discovered out of your time spent in jail to date and repeat the identical misinformation like earlier than,” he added.
Shut the fuck up Sam.
You stole. https://t.co/IMbOpTzTn2
— Adam Cochran (adamscochran.eth) (@adamscochran) October 31, 2025
The crypto neighborhood believes Sam Bankman-Fried should stay in jail and President Donald Trump should not pardon him underneath strain from Democrats. Just lately, Binance founder CZ claimed that every one folks, akin to Gary Gensler, Elizabeth Warren, and Maxine Waters, who’re aggressive in opposition to him had been all SBF supporters.
Notably, some shared ties between legal professionals from Sullivan & Cromwell LLP who dealt with Trump’s conviction this 12 months. As Trump pardoned CZ this month, hypothesis on SBF getting a pardon grew immensely.
FTX Token (FTT) climbed greater than 3% in the previous couple of hours, with the value at present buying and selling at $0.83. Buying and selling quantity jumped over 33% during the last 24 hours.
