Sam-Bankman Fried is as soon as once more arguing that he is harmless.
The previous FTX chief posted a prolonged doc on X this week claiming that the alternate “was by no means bancrupt” and that chapter legal professionals, not unhealthy stability sheets, have been accountable for the corporate’s collapse.
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The doc is full of tables exhibiting hypothetical “mark-to-market” positive factors on property FTX as soon as held, from Solana to Anthropic, implying the corporate can be price over $100 billion right this moment if not for the legal professionals.
But lots of the doc’s central claims, just like the assertion that FTX “was by no means bancrupt” and will have repaid prospects in full, doesn’t line up with monetary filings.
The put up is the newest volley in Bankman-Fried’s broader marketing campaign to reframe his conviction and win political sympathy. As The New York Occasions reported, his mother and father and authorized allies have been quietly lobbying for a presidential pardon, enlisting Trump-connected lawyer Kory Langhofer and even arranging a jailhouse interview with Tucker Carlson.
Prediction market merchants on Kalshi give him solely a few 10% probability of receiving a Trump pardon, suggesting that the put up could also be aimed as a lot at shifting these odds via a rehabilitation of his picture as at rewriting FTX’s historical past.