Sam Bankman Fried Says 'FTX Was Never Insolvent' | CoinDesk Daily

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4.8 • 689 Ratings

🗓️ 31 October 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam Bankman-Fried claims FTX was never insolvent. Sam Bankman-Fried claims FTX was never insolvent and blames bankruptcy lawyers for the company's collapse. The X post is an effort from Bankman-Fried’s broader campaign to reframe his conviction and win political sympathy. Will he be pardoned by the President? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠owlting.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Taylor Fleming.

Transcript

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0:00.0	Hey, everyone, you're watching Coin Desk Daily. I'm your host, Jen Sanassi.
0:09.8	Sam Bankman-Fried is once again arguing that he's innocent. The former FTCS chief posted a lengthy
0:15.6	document on X, claiming the exchange was, quote, never insolvent and that bankruptcy lawyers were to blame for the
0:21.8	collapse. The document uses hypothetical valuations of assets like Solana and Anthropic to imply FTCS would be
0:28.2	worth over $100 billion today, if not for the bankruptcy. Many of the document's central claims,
0:34.4	including that FTX was never insolvent and could have repaid customers, contradict financial filings.
0:40.8	The Post is the latest move in Bankman-Fried's campaign to reframe his conviction and potentially lobby for a presidential pardon.
0:47.5	Utility or privacy. The transparency of traditional blockchains forces a difficult choice.
0:52.8	Break free from this limitation with midnight.
0:55.3	Just like the internet made information global, stable coins are making money global. And Bridge,
0:59.7	a stripe company, is powering that shift. Looking for a faster, cheaper way to move money worldwide,
1:05.4	Owl Ting listed on the NASDAQ as Owls, is building the rails for stable coin payments.
1:10.4	Bitcoin's rally has lost momentum
1:11.8	since June, with prices remaining range-bound above $100,000. Could a bare market be on its way?
1:17.8	A long-term indicator is offering some hope for bowls, the 200-week simple moving average. That
1:22.4	indicator is currently around $54,750, still significantly below Bitcoin's 2021 cycle peak of $70,000.
1:31.0	Historically, bull markets have ended when the 200-week average climbs to challenge the prior
1:35.4	cycle's peak, a pattern seen in 2017 and late 2021. As exciting as this hopium is for the Bulls,
1:41.7	it's important to remember that it has only played out twice in Bitcoin's relatively short, decade-long history, and during the years when institutional participation was extremely low.
1:51.0	As of this morning, Bitcoin is trading around $110,000.
1:54.4	And strategy, the largest corporate holder of Bitcoin reported a $2.8 billion net income for the third quarter of 2025.
2:02.5	The profit was driven by the rise in Bitcoin's price from roughly $107,000 to $114 during the quarter, and the firm has also seen
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