{"id":409788,"date":"2025-10-31T21:16:31","date_gmt":"2025-10-31T15:46:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/ftt-price-turns-bullish-as-sbf-claims-ftx-exchange-was-never-insolvent-crypto-news\/"},"modified":"2025-10-31T21:34:56","modified_gmt":"2025-10-31T16:04:56","slug":"ftt-price-turns-bullish-as-sbf-claims-ftx-exchange-was-never-insolvent-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ftt-price-turns-bullish-as-sbf-claims-ftx-exchange-was-never-insolvent-crypto-news\/","title":{"rendered":"FTT price turns bullish as SBF claims FTX exchange was never insolvent &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Sam Bankman-Fried and his team continue to defend themselves.<\/li>\n<li>SBF\u2019s X account posted a long document on Thursday claiming the exchange wasn\u2019t actually insolvent.<\/li>\n<li>FTT has decoupled from broader dips with a 2% uptick.<\/li>\n<\/ul>\n<p>An X account, currently controlled by a friend of Sam Bankman-Fried, stirred the cryptocurrency market with a post claiming that the firm wasn\u2019t insolvent.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/drive.google.com\/file\/d\/1e2v-rcUqSFy4VI1MlWTLkJe-IeaFYBnl\/edit\">The 15-page document<\/a> claims FTX encountered a liquidity crisis that \u201cwas on track to be resolved by the end of the month\u201d until the exchange\u2019s external counsel assumed control. It declared:<\/p>\n<blockquote>\n<p>FTX was never bankrupt, even when its lawyers placed it into bankruptcy.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">[SBF says:]<\/p>\n<p>This is where the money went. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/HVRwEw5Z1k\">https:\/\/t.co\/HVRwEw5Z1k<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/5DrA13L5YE\">https:\/\/t.co\/5DrA13L5YE<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/O6q77DvmTn\">pic.twitter.com\/O6q77DvmTn<\/a><\/p>\n<p>\u2014 SBF (@SBF_FTX) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1984091090795032939?ref_src=twsrc%5Etfw\">October 31, 2025<\/a><\/p>\n<\/blockquote>\n<p>The disgraced founder and his team supposedly wrote the document, which highlights that the exchange didn\u2019t file for bankruptcy after a plan to commit fraud and mishandle billions of customer funds, as the court concluded.<\/p>\n<p>They insist that FTX encountered a liquidity crunch after \u201ca sudden shortage of cash.<\/p>\n<p>Meanwhile, the exchange\u2019s native token, which has survived without solid utility since FTX\u2019s debacle, turned bullish amid the developments.<\/p>\n<p>FTT gained more than 2% on its daily chart to trade at $0.8473.<\/p>\n<p>Its trading volume has increased by over 25%, indicating optimism.<\/p>\n<p>For context, the global crypto market capitalization remained muted the past 24 hours with a mere 0.08% uptick to $3.7 trillion.<\/p>\n<h2>FTX had enough funds during the collapse<\/h2>\n<p>The document argues that the cryptocurrency exchange and sister company Alameda boasted assets worth $25 billion, alongside $16 billion in equity value, against liabilities worth $13 billion, as it fell in 2022.<\/p>\n<p>That means a net value of approximately $28 billion. It added:<\/p>\n<blockquote>\n<p>During the crisis, the value of the assets and (presumably) equity took a temporary hit, but even at the peak of the crisis, the companies remained solvent \u2013 even if one were to ignore equity.<\/p>\n<\/blockquote>\n<p>SBF and his team claim their empire would be worth roughly $136 billion if lawyers didn\u2019t sell assets that they invested in.<\/p>\n<p>That would comprise a $7.6 billion stake in Robinhood broker, $14.3 billion investment in AI startup Anthropic, among other assets.<\/p>\n<h2>Community response<\/h2>\n<p>However, cryptocurrency enthusiasts and online investigators aren\u2019t buying SBF\u2019s claims.<\/p>\n<p>Some believe these are desperate attempts to secure a pardon, after Donald Trump\u2019s similar move on Binance founder CZ.<\/p>\n<p>Meanwhile, some questioned why FTX suspended withdrawals if it had enough money for creditors.<\/p>\n<p>A DeFi enthusiast and X user, Hanzo, referenced the incident where Bybit suffered $1 billion ETF scam, stating:<\/p>\n<blockquote>\n<p>Many CEXs went through stress tests after some massive fuck ups, and they all are here.<\/p>\n<\/blockquote>\n<h2>FTT price outlook<\/h2>\n<p>FTX\u2019s native token gained more than 2% amid these developments.<\/p>\n<p>It is hovering at $0.8473, with soaring trading volumes highlighting enthusiasm.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-344775\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/FTT-Price.jpg\" alt=\"\" width=\"1044\" height=\"493\"\/><\/p>\n<p>Nevertheless, FTT recoveries will likely be short-lived.<\/p>\n<p>Broader market weakness and negative community reaction to the team\u2019s claims weigh on the digital token.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried and his team continue to defend themselves. SBF\u2019s X account posted a long document on Thursday claiming the exchange wasn\u2019t actually insolvent. FTT has decoupled from broader dips with a 2% uptick. An X account, currently controlled by a friend of Sam Bankman-Fried, stirred the cryptocurrency market with a post claiming that the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":409789,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-409788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=409788"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409788\/revisions"}],"predecessor-version":[{"id":409790,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409788\/revisions\/409790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/409789"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=409788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=409788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=409788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}