SBF released a report stating that FTX never went bankrupt.
Former FTX CEO Sam Bankman-Fried (SBF) shared a report titled "FTX: Where Did The Money Go?". The report states that "In November 2022, over seven million customers deposited approximately $20 billion into FTX. However, when customers attempted to withdraw their funds, FTX filed for bankruptcy, still owing customers $8 billion. For years, customers received nothing. So, where did these billions of dollars go? The money never disappeared. After two years of delays, the bankruptcy administrator revealed that all customers would receive 119% to 143% of their assets. Currently, approximately 98% of creditors have received 120% of their assets. After paying $8 billion in claims and $1 billion in legal fees, the bankruptcy estate still holds $8 billion. In fact, FTX was never insolvent. Regardless of..."