SBF Doubles Down on Solvency Defense: FTX Claims Assets Still Exceed Liabilities Despite Bankruptcy Proceedings

In recent statements circulating across social platforms, the FTX founder has reiterated a core argument in his defense strategy: that the troubled exchange maintained a solvent balance sheet throughout its operational history. According to PANews reporting from November 7th, SBF’s statement emphasizes that FTX’s financial position demonstrated “assets exceeding liabilities” at the time of collapse, positioning this fact as central to claims of innocence.

The Solvency Argument Under Scrutiny

While acknowledging he doesn’t entirely align with every detail of recent commentary, SBF expressed general agreement with descriptions of FTX operating under excessive control structures during its bankruptcy protection phase. The founder contends that his defense rests significantly on demonstrating the platform’s underlying solvency—a claim that contradicts the narrative of insolvency that triggered the exchange’s downfall.

Allegations of Fund Retention

Beyond the solvency argument, SBF has alleged that the existing leadership managing FTX through bankruptcy proceedings continues to withhold certain assets. These claims suggest ongoing disputes over fund allocation and control, with various stakeholder groups—including representatives advocating for international creditors—actively engaging in legal processes to recover or secure their positions.

What This Means for Creditors

The tension between SBF’s solvency claims and the bankruptcy administration’s handling of remaining assets remains a focal point in the unfolding FTX saga, with multiple parties pursuing their interests through the legal system.