According to the source, SBF’s X account stated on Oct 31, 2025 that FTX was never insolvent and that FTT would be worth $22 billion today, based on a post attributed to Sam Bankman-Fried’s X handle (@SBF_FTX; Oct 31, 2025). This claim conflicts with FTX Debtors’ court filings that reported a large asset-liability shortfall at petition and later projected full repayment to allowed customer and creditor claims due to asset recoveries, while proposing to cancel FTT under the reorganization plan (source: FTX Debtors, case no. 22-11068, U.S. Bankruptcy Court for the District of Delaware; Debtors’ plan update and disclosure filed May 7, 2024). Traders considering exposure to FTT should note that the proposed plan treats FTT as having no bankruptcy recovery, limiting fundamental catalysts tied to the estate’s distributions (source: FTX Debtors’ proposed plan treatment of FTT, case no. 22-11068). Given this discrepancy, any price action in FTT driven by the Oct 31 post should be treated as headline risk and cross-checked against primary court documents before positioning (sources: SBF’s X post on Oct 31, 2025; FTX Debtors’ filings in case no. 22-11068).

According to the source, $16.5B remains earmarked for FTX creditors, indicating substantial distributions pending in the bankruptcy process that traders should track closely for liquidity impacts. Under the FTX Debtors’ Chapter 11 plan, creditor recoveries are intended to be paid in cash rather than in-kind crypto, which reduces direct sell pressure on BTC and ETH from the estate itself. Source: U.S. Bankruptcy Court for the District of Delaware, Case No. 22-11068 (FTX Trading Ltd.), Disclosure Statement for the Amended Joint Chapter 11 Plan, filed May 7, 2024. The court previously authorized Galaxy Digital as investment advisor to execute orderly liquidations and hedging of digital assets, a structure designed to minimize market impact during asset monetization. Source: U.S. Bankruptcy Court for the District of Delaware, Case No. 22-11068, Order Authorizing the Retention and Employment of Galaxy Digital Capital Management LP, entered Sept 13, 2023. Traders should monitor the Delaware Bankruptcy Court docket for plan effectiveness and distribution timeline notices, as these are the definitive triggers for cash outflows to creditors and potential secondary market flows. Source: U.S. Bankruptcy Court for the District of Delaware public docket, Case No. 22-11068 (FTX Trading Ltd.).

According to CryptoMichNL, the approval of the FTX Bankruptcy Plan will lead to the distribution of billions of dollars to creditors. Although it remains uncertain how much of this capital will be used to purchase Bitcoin or Altcoins, it is expected that a significant portion will return to the market, enhancing liquidity.