The co-founder and former CEO of FTX, Sam Bankman-Fried, claims that the exchange would never have actually gone bankrupt.
He indeed argues that the problem that forced the withdrawals to close was only a liquidity crisis, and not an insolvency issue. He believes that FTX still had sufficient assets to repay all the clients at that time, but due to a liquidity crisis, panic was triggered in the market, making it impossible to quickly cash in the funds.
The interview with SBF: the bankruptcy of FTX never happened
All this is contained in a recent interview that SBF gave from prison to the New York Sun.
The former CEO of the exchange, in fact, has been sentenced to 25 years in prison for fraud, and in reality, the interview was recorded in three different 15-minute sessions held at the Manhattan Detention Center.
The topics covered were varied, such as Bankman-Fried’s thoughts on the political scene, his hopes for a pardon from President Trump, his reflections on the ju
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