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FTX | FTT
$0.3871
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News
See more21 Feb 2026, 06:00
Convicted FTX Founder Sam Bankman-Fried Breaks Silence On ‘10 Myths’
Sam Bankman-Fried has once again taken to social media from prison, laying out what he describes as “10 myths” surrounding the collapse of crypto exchange FTX and his subsequent conviction. The former chief executive used the statement to challenge prosecutors, the bankruptcy process, media coverage, and even the conduct of his trial. Sam Bankman-Fried Denies FTX Insolvency Bankman-Fried began by disputing the allegation that FTX was insolvent and that $8 billion in customer funds vanished. He contrasted statements made by prosecutors to jurors with representations made by bankruptcy debtors to the court, and that his claim of solvency was false and that he had lost billions in customer money. Media reports, he said, reinforced the message that the funds were gone. In his version of events, however, FTX was solvent and is now repaying customers between 119% and 143% of their claims. Bankman-Fried also rejected persistent rumors about a lavish corporate culture. Addressing allegations of “polycule orgies,” Bankman-Fried flatly denied that such conduct took place. He insisted he did not party or take vacations, noting that while FTX owned a penthouse, he personally rented only 10% of it for six months for $50,000. He maintained that his personal spending and political donations were funded from his earnings and were less than those earnings. Secret ‘Backdoor’ For Alameda On the events leading to FTX’s bankruptcy, Bankman-Fried pushed back against the narrative that he filed because he could not meet surging withdrawal demands. According to him, there were offers to cover the liquidity shortfall and stabilize the platform. He claimed that within three days, financing proposals were on the table and withdrawals had begun to resume, but that lawyers nonetheless proceeded with the bankruptcy filing. The former FTX CEO also addressed the structure of the exchange’s trading platform, Alameda Research , saying it was unrealistic to expect a margin exchange to be fully liquid at all times. Margin trading, he explained, involves customers — including Alameda Research — opting into lending and borrowing through a shared collateral pool. He asserted that most assets on the exchange were part of this lending program and that FTX had sufficient liquidity to cover assets outside of it. Another key accusation he disputed was that he created a secret “backdoor” in FTX’s systems to siphon funds to Alameda. Bankman-Fried denied that such a mechanism existed, saying the account features in question had legitimate purposes and were not used to allow Alameda to borrow more from customers than it had lent. Pardon Hopes Fade A significant portion of his statement focused on his trial. Bankman-Fried claimed he did not receive a fair hearing, arguing that once the Department of Justice (DOJ) under former President Joe Biden and the bankruptcy debtors took control of FTX, they controlled the narrative, access to documents, and the pool of witnesses. Bankman-Fried also accused Judge Lewis Kaplan of restricting his ability to defend himself, including imposing a gag order, revoking his bail before trial, excluding evidence related to FTX’s solvency, and advice of counsel. Regarding the revocation of his bail, Bankman-Fried maintained that it stemmed from his exercise of First Amendment rights and attempts to assist the bankruptcy debtors, rather than from witness intimidation. The statement comes as Bankman-Fried continues to pursue a new trial in New York. Speculation that he might receive a presidential pardon from President Donald Trump — similar to the one granted to former Binance CEO Changpeng Zhao — has largely faded. Featured image from OpenArt, chart from TradingView.com
17 Feb 2026, 17:58
SBF renews claim that FTX was solvent despite $8B liquidity gap
Sam Bankman-Fried (SBF) renewed his claim that FTX was solvent at the time of its collapse. In the latest post, he cited a sworn declaration from the exchange’s former head of data science. This comes in with SBF’s pursuit of a new trial from prison. In a post on X made via proxy, SBF brought Dan Chapsky’s memo to the notice. He mentioned that no one was more qualified to assess the company’s financial position. However, Chapsky had been hired by bankruptcy lawyers to calculate whether the exchange was solvent. FTX had $8B liquidity gap but was ‘still solvent’ According to the post, Chapsky’s declaration mentions that FTX’s international arm faced an $8 billion liquidity shortfall on Nov. 11, 2022. Despite this, the platform remained solvent because its assets exceeded customer deposits. He added his opinion on the given the nature and value of the assets in FTX’s possession on November 11. The declaration further added that international customers could have been repaid within months, not years. If the exchange did not get into omnibus bankruptcy proceedings and abruptly shut down. Bankman-Fried said this view was validated by findings from the bankruptcy court’s independent examiner. FTX was always solvent. No one in the world is more qualified to comment on this than Dan Chapsky. Dan was Head of Data Science at FTX. When the bankruptcy lawyers wanted to know if FTX was solvent, Dan was who they hired to calculate the answer. In a new sworn declaration,… pic.twitter.com/hKZVp7nEsE — SBF (@SBF_FTX) February 17, 2026 Earlier, SBF had claimed that fresh evidence shows that Biden’s DOJ threatened several witnesses into silence or led them to change their testimony. He asked for his conviction to be thrown out. He added that Judge Lewis Kaplan should recuse himself from this motion. He stated that companies were forced offshore under Biden, while under the Trump administration, they’re welcome back in America. He pointed out that under Democrats, companies that needed licenses were refused. Meanwhile, under the new administration, that has changed, and the DOJ is no longer indicting entire industries. SBF bets on new evidence SBF is serving a 25-year prison sentence for fraud tied to FTX’s collapse, and now he is bidding for a new trial. In this case, he even filed a motion in Manhattan federal court Pro Se. This suggests that he is representing himself. The request for a new trial was filed by his mother, Barbara Fried. She had argued that new witness testimony could undermine the prosecution’s case. The filing highlighted the absence of testimony from former FTX executive Ryan Salame. He fought his own legal battle and was later convicted on federal charges. Salame had claimed he reached an agreement to cooperate with prosecutors that would shield his wife. But she was later charged with allegedly taking illegal campaign contributions in her congressional campaign. SBF’s new bid argues that new evidence and witness accounts could challenge the narrative presented at trial. However, appellate judges have previously shown skepticism about that line of argument. The November hearing saw members of the appeals panel question whether solvency was central to the case. FTX’s fallen token FTT posted some gains amid the fresh claims. FTT price is up by more than 13% in the last 7 days, but it is still down by 99% from its all time high of $85 recorded on September 9 2021. FTT is trading at an average price of $0.373 at the press time. The smartest crypto minds already read our newsletter. Want in? Join them .
11 Feb 2026, 14:15
SBF targets US Department of Justice with bias, pressure claims in FTX case
Sam Bankman-Fried (SBF) accused the US Department of Justice (DOJ) of pressuring key witnesses in the FTX criminal case. In a fresh post on X, the former FTX CEO claimed that “new evidence” shows that the DOJ under the Biden administration threatened multiple witnesses into silence. This action might have led them to alter their testimony. SBF suggests that his conviction should be vacated. He also calls for US District Judge Lewis Kaplan to recuse himself from reviewing the motion. SBF was sentenced to 25 years in prison following his conviction on fraud and conspiracy charges. SBF alleges bias by Judge Kaplan Former FTX CEO has alleged that Judge Kaplan demonstrated a pattern of bias in rulings . This involves himself, former FTX executive Ryan Salame, and US President Donald Trump. He argued that the judge “cannot rule fairly” on his latest request. He attached a document that outlines silenced or excluded testimony related to FTX’s solvency during its November 2022 collapse. It also holds the financial position of affiliated trading firm Alameda Research and handles debtor data. SBF claims that the material could undermine the prosecution’s argument that customer funds were misused. https://twitter.com/SBF_FTX/status/2021532733520933015?s=20 The document mentions the names of Daniel Chapsky, Ryan Salame, and former FTX engineering chief Nishad Singh. SBF points out that their testimony was either pressured or shaped in ways that harmed his defense. Meanwhile, his fresh social media post received community notes. It shows that the account is not managed by SBF, and no documents or information shared here can be trusted. Earlier, Cryptopolitan reported that SBF has appealed for a new trial over FTX’s fraud case. The filing shows that Bankman-Fried is representing himself. The motion was reportedly filed by his mother, Barbara Fried, and argues that new evidence justifies reopening the case. FTX was not insolvent? FTX’s Ryan Salame has also faced separate federal charges. He previously claimed he entered into a cooperation arrangement with prosecutors that he believed would protect his wife (Michelle Bond) from prosecution. However, Bond was later charged with allegedly receiving illegal campaign contributions during her congressional campaign. SBF has always argued that FTX was not insolvent at the time of its collapse. He even brings up that customer assets were ultimately recoverable. The convict has maintained that the company’s later recovery efforts under bankruptcy proceedings support that position. Judges had shown their skepticism about that line of defense. This happened during the appellate arguments in November. Circuit Judge Maria Araujo Kahn noted that the government’s case focused on misrepresentation to investors and customers about how funds were used. It was not solely about whether the exchange was technically solvent at the time of failure. Bankman-Fried has continued to challenge his conviction through appeals and public statements. In a social media post, he has described himself as a victim of what he called the Biden administration’s “lawfare” campaign. His claims have drawn sharp criticism online, with many users responding that he should remain imprisoned over losses tied to FTX’s collapse. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
10 Feb 2026, 07:30
Convicted FTX CEO SBF Cries ‘Biden Lawfare’ In Trump Pardon Pitch
Sam Bankman-Fried (SBF) used a new X thread on Feb. 9 to reframe his criminal case as “Biden’s political lawfare,” positioning himself alongside Donald Trump and former FTX executive Ryan Salame in what read like a direct appeal for a future pardon. “Biden’s lawfare machine threw bogus charges at me, Donald Trump, Ryan Salame , etc.,” Bankman-Fried wrote . “To make the charges stick, they prevented us from even being allowed to respond.” He opened with a blunt claim about process rather than facts: “Rule No. 1 of Biden’s political lawfare: Don’t let them present evidence.” SBF Cries ‘Gagged Trial,’ Claims DOJ Hid Evidence SBF’s argument hinges on the idea that authorities and the court curtailed what the jury could hear. He repeatedly singled out Judge Lewis Kaplan, who presided over his trial, claiming the court “rubber-stamped everything Biden’s DOJ wanted” and “made sure I couldn’t show the jury the truth.” The “truth,” as SBF cast it, is a solvency narrative: “So they lied, said I stole billions of dollars and bankrupted FTX. But the money was always there and FTX was always solvent.” He also argued that restrictions prevented him from advancing that line at trial, writing that he was “prohibited” from “pointing out FTX was solvent ” and from “even mentioning lawyers.” In the thread, SBF linked to a court filing he said was authored by his prosecutor, “Sassoon,” describing it as “a 70-page document on all the evidence they didn’t want the jury to see,” and he framed the episode as part of a broader political effort to “silence the truth.” A significant chunk of the thread is dedicated to Trump’s New York hush-money bookkeeping case, which Bankman-Fried portrayed as a routine classification dispute blown into criminality. “Charged him with 34 crimes over his bookkeeping of an NDA expense—should it be legal, campaign, or personal?,” he wrote. “These questions come up all the time when you’re running a business, and it’s often unclear.” He then drew a parallel between court-imposed limits on Trump and his own pre-trial detention. “They then got the judge to impose a gag order on Donald Trump,” he wrote. “Biden’s DOJ silenced me, too—getting Judge Kaplan to gag and then jail me before trial. President Trump also had Kaplan as a judge.” Bankman-Fried also amplified Salame’s complaints about licensing advice and charging decisions, alleging prosecutors leaned on pressure tactics to force a plea, including claims involving Salame’s fiancée, assertions presented as fact in the thread but not accompanied by supporting documentation beyond links to Salame’s posts. The reaction underneath was unsparing, with multiple industry figures interpreting the thread less as a legal critique than a political pitch. “You’re a Delusional criminal who is now angling for a pardon,” wrote trader Bob Loukas. Attorney Ariel Givner was even more direct: “We GET it. You want a pardon from Trump .” At press time, FTT traded at $0.3021.
