SBF Claims FTX Never Filed for Bankruptcy, Accuses Lawyers of Fraudulent Filing

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Sam Bankman-Fried (SBF) claimed on X that FTX never filed for bankruptcy, accusing lawyers of a fraudulent filing to siphon assets. He alleged the legal team seized control and submitted the application within four hours. Alex Wice, a Rollbit partner, criticized the U.S. judicial system, saying SBF was denied a chance to present evidence. Wice accused prosecutors and Sullivan & Cromwell of fabricating the narrative to shift blame. The case raises questions about liquidity and crypto markets regulation, with CFT procedures under scrutiny.

ChainCatcher News, crypto KOL and Rollbit partner Alex Wice posted on the X platform stating that Ryan Salame was imprisoned for refusing to testify against SBF, reflecting flaws in the U.S. judicial system. Alex Wice believes that SBF was deprived of the right to present evidence during the trial, Judge Kaplan rejected his defense of "relying on legal advice," and excluded evidence related to solvency and terms of service. Alex Wice pointed out that the trial narrative was a fictional account conceived by prosecutors and Sullivan & Cromwell, aiming to attribute all responsibility to SBF. In fact, FTX had only a very small funding gap at the time of its collapse. SBF did have management negligence, but no fraudulent intent, and always tried to keep FTX running to repay customers. He believes that if SBF had not signed the bankruptcy agreement, FTX customers might have been repaid more quickly. Alex Wice called for the release of Ryan Salame and SBF. Regarding this matter, SBF's X platform account responded: "I basically agree with all the above points. But FTX never went bankrupt. I never filed for bankruptcy. Lawyers took over the company, and four hours later, they submitted a false bankruptcy application to steal the company's assets."

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