CoinDesk Podcast Network Sam Bankman Fried Says 'FTX Was Never Insolvent' | CoinDesk Daily
Oct 31, 2025
Sam Bankman-Fried insists FTX was never insolvent, casting blame on bankruptcy lawyers for its downfall. He seeks to reshape his public image and possibly earn a presidential pardon. Meanwhile, Bitcoin faces a stalled rally, with a critical 200-week moving average indicating potential market shifts. MicroStrategy celebrates significant Q3 profits fueled by Bitcoin gains and continues expanding its impressive BTC holdings, now exceeding 640,000. The discussion highlights shifts in the crypto landscape and the ongoing evolution of digital finance.
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SBF's Insolvency Reframe
- Sam Bankman-Fried claims FTX was "never insolvent" and blames bankruptcy lawyers for the company's collapse.
- He argues hypothetical valuations would make FTX worth over $100 billion today if not for the bankruptcy process.
Hypothetical Valuations Used As Proof
- The post uses hypothetical valuations of assets like Solana and Anthropic to support SBF's narrative.
- Those central claims contradict financial filings, according to reporting in the episode.
Reframing To Influence Pardon Narrative
- Reporters note SBF's claims that FTX could have repaid customers contradict court financial filings.
- The post appears part of a broader effort to reframe his conviction and seek sympathy or a pardon.