Convicted FTX founder Sam Bankman-Fried has ignited fresh controversy by asserting the cryptocurrency exchange was never insolvent and blaming bankruptcy managers for destroying billions in value. His social media comments endorsing allegations of deliberate mismanagement by court-appointed CEO John J. Ray III triggered immediate backlash from investigators and venture capitalists who accused him of attempting to rewrite history. The online firestorm comes as Bankman-Fried’s legal team faces skepticism from appellate judges during hearings to overturn his fraud conviction.
about SBF Claims FTX Was Solvent, Faces Backlash Over Comments