FTX's Alleged Non-Bankruptcy Claim Sparks FTT Token Surge
Darius Baruo Nov 01, 2025 08:29
A recent post from Sam Bankman-Fried's X account claims FTX was never bankrupt, causing a temporary rise in the FTT token value.
In a surprising turn of events, a post from Sam Bankman-Fried's X account has stirred the cryptocurrency community by asserting that FTX, the once-prominent exchange, was never bankrupt. According to CoinMarketCap, this claim has triggered a brief uptick in the value of the FTT token.
Document Claims FTX Was Solvent
The post, which included a 15-page document titled "FTX: Where Did The Money Go?", argues that FTX faced a liquidity crisis rather than insolvency when it filed for bankruptcy in November 2022. The document purports that the estate currently holds $8 billion, even after settling creditor claims and legal expenses, and highlights FTX's stakes in various firms and its cryptocurrency holdings.
Market Reaction
Following the release of this document, the FTT token experienced a temporary surge, reaching $0.84 before stabilizing. The post has reignited discussions within the crypto sector about the true financial state of FTX prior to its collapse.
Broader Implications
This revelation has sparked renewed debates on the transparency and financial practices of cryptocurrency exchanges. As market participants digest this information, questions arise regarding the oversight and financial reporting standards within the industry.
Background Context
FTX's downfall was a pivotal moment in the crypto industry, leading to significant losses for investors and a shake-up in market confidence. The new claims, if substantiated, could alter the narrative surrounding the exchange's collapse and potentially influence regulatory approaches to crypto exchanges.
As the situation develops, the crypto community remains attentive to further disclosures and their potential impact on market dynamics.
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