Sam Bankman-Fried Denies FTX Bankruptcy Claim Amid Fraud Conviction

TLDR

• Sam Bankman-Fried denies that FTX ever declared bankruptcy in his latest X post.
• Bankman-Fried claims the bankruptcy filing was a strategy by lawyers to steal funds.
• Court records show FTX was insolvent and had an $8 billion deficit in customer assets.
• Bankman-Fried’s post continues to influence market movements despite his legal conviction.
• FTX’s financial instability and fraud led to Bankman-Fried’s 25-year prison sentence.

Sam Bankman-Fried, the founder of FTX, took to his verified X account on February 10, 2026, to claim that FTX was never bankrupt. He insists that Chapter 11 lawyers filed a “bogus bankruptcy” to seize funds from the company. This statement comes despite his conviction for fraud and the massive $8 billion hole in customer funds linked to the exchange’s collapse.

Sam Bankman-Fried’s social media rants have stirred controversy for months, with his latest post once again questioning the narrative of FTX’s downfall. Serving a 25-year federal sentence for fraud and conspiracy, Bankman-Fried remains influential, with posts still circulating in the crypto community. His words continue to have an impact on speculative traders, even as courts and regulators continue to investigate the fraud that led to FTX’s demise.

Sam Bankman-Fried Denies FTX’s Bankruptcy Claim

Sam Bankman-Fried has publicly denied that FTX ever declared bankruptcy. In his latest post, he claims that the company’s bankruptcy filing was a strategic move by its lawyers to “pilfer it for money.” According to Bankman-Fried, the filing was a “bogus” process done without his consent, even though legal documents indicate otherwise.

Court records show that FTX was indeed insolvent when it filed for bankruptcy, revealing a shocking $8 billion deficit in customer assets. This insolvency was primarily caused by losses hidden within Alameda Research, the trading firm connected to FTX. The fraudulent activities linked to Bankman-Fried have been central to ongoing legal proceedings and criminal charges.

FTX’s Collapse and Court Records Conflict with Bankman-Fried’s Claims

Despite Bankman-Fried’s insistence, court records and legal findings contradict his claims. FTX was already facing severe financial instability before its bankruptcy filing in late 2022. The exposure of the financial gap at Alameda led to the company’s public downfall and the legal consequences that followed for its founder.

Bankman-Fried’s social media account, active despite his incarceration, continues to make waves. His posts, like “gm,” have triggered speculative market movements, affecting FTX-related assets. This continued influence has led many to question the integrity of his statements, especially as the legal evidence strongly supports the conclusion that FTX’s bankruptcy was an inevitable consequence of the company’s financial troubles.

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