Sam Bankman-Fried’s (SBF) previously inactive X account was back in action, sharing a 14-page document that claimed FTX was never insolvent. The post, which emerged years after both the exchange’s failure and SBF’s 25-year imprisonment, reiterated old arguments from his trial, now layered with new conspiracy theories.

The document alleges that at the brink of FTX’s collapse, the company boasted $25 billion in assets and $16 billion in equity against $13 billion in liabilities. It contends that had external legal intervention not occurred, FTX’s asset value could be at an astonishing $136 billion today, given its stakes in companies like Anthropic and Robinhood.

Prison Walls Can’t Stop the Spin

The post claims to push back against the jury’s verdict that blamed a $10 billion fraud for FTX’s fall, suggesting instead that a liquidity crisis was to blame, one that could have been fixed promptly with proper management. This narrative has sparked significant discussion within cryptocurrency circles.

Months earlier, SBF had also claimed his arrest was politically driven, pointing fingers at political influences including the Biden administration and SEC Chair Gary Gensler for trying to silence him before a pivotal congressional testimony. Critics, however, are skeptical of his claims and maintain they contradict evidence presented during the investigations into FTX’s missing funds.

Venture capitalist Adam Cochran sharply criticized SBF’s assertions on social media, stating simply, “Shut the fuck up, Sam. You stole.”

Trump Pardons CZ While SBF Waits for a Miracle

Despite his lengthy prison sentence, SBF and his family are looking for ways to seek a presidential pardon from Donald Trump. This discussion is occurring parallel to Trump’s recent pardon for Changpeng “CZ” Zhao, founder of Binance, who had a significant role in FTX’s downfall by selling large amounts of FTT.

While Binance contemplated a rescue acquisition of FTX during its crisis, they ultimately decided against it, leading to a swift collapse of SBF’s enterprise.

“SBF is just trying to weaponize the fact that every FTX asset / investment has gone up from the lowest prices at the time of bankruptcy when they couldn’t pay out users.” - ZachXBT

This incident is reflective of SBF’s enduring claims of being unfairly persecuted, as he remains hopeful for a clear signal that would justify the narrative he continues to uphold.