Sam Bankman-Fried has once again drawn attention to the collapse of FTX by insisting that the company was never actually bankrupt. According to him, the situation has been widely misunderstood, and he maintains that he personally never initiated any bankruptcy filing for the crypto exchange.
In his view, the narrative that FTX was insolvent does not reflect what was happening behind the scenes. Bankman-Fried argues that while the company faced serious liquidity challenges, those issues did not automatically mean the business had run out of assets or was beyond recovery. He suggests that the distinction between temporary financial strain and outright bankruptcy has been blurred in public discussions.
He also emphasizes that he was not the one who authorized or submitted bankruptcy paperwork. By making this point, Bankman-Fried appears to distance himself from the legal decisions that followed FTX’s collapse, implying that others took control during the most critical moments of the crisis.
This statement has fueled renewed debate about how FTX’s downfall should be defined. Critics continue to point to the massive losses and halted withdrawals as clear signs of failure, while Bankman-Fried maintains that different choices could have led to a very different outcome.
Ultimately, his comments reflect an ongoing effort to reshape the conversation around FTX and his role in its demise. Whether this perspective will change public or legal opinion remains uncertain, but it underscores how contested the story of FTX still is.
