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>>SBF shares his most recent effort to debunk 10 myths surrounding the charges he is incarcerated over.

SBF shares his most recent effort to debunk 10 myths surrounding the charges he is incarcerated over.

crypthub

about 8 hours ago

SBF's Defense and Claims

Sam Bankman-Fried (SBF) challenged narratives surrounding his 25-year prison sentence, asserting FTX was never insolvent and customers received above 100% repayments. He denied rumors of sexual misconduct, stating there were no "polycules or orgies." SBF also claimed his trial was unfair and that evidence of solvency was suppressed. His tweets addressed alleged impropriety and funding offers to cover FTX's liquidity gap.

Repayment Disputes and Legal Context

SBF cited 119-143% repayments for FTX customers, but critics argue this figure uses November 2022 bankruptcy valuations, which were significantly lower than current crypto prices. Under U.S. bankruptcy law, claims are valued as of FTX’s petition filing date. FTX’s restructuring team recovered $14.7B–$16.5B in assets, including a stake in Anthropic. Repayment plans prioritize smaller creditors, with 98% receiving distributions within 60 days.

Cooperating Witnesses and Legal Outcomes

Cooperating witnesses like Caroline Ellison and Gary Wang received reduced sentences for guilty pleas. SBF claimed court suppression of solvency evidence and legal fees driving company decisions. FTT token prices fluctuated amid SBF’s public narrative-shaping. Trump ruled out a pardon for SBF, a former Democratic donor. Bankruptcy records revealed FTX’s financial records were incomplete and controls failed under John Ray III’s leadership.