Sam Bankman-Fried on Tuesday posted on X that FTX was “never bankrupt,” alleging lawyers filed a bogus bankruptcy four hours after taking control to siphon funds, despite court findings of an $8 billion customer gap that led to his 25-year fraud sentence.

The Bombshell Claims

Bankman-Fried claimed he never personally filed for bankruptcy and blamed Sullivan & Cromwell lawyers for the Chapter 11 filing. 

The post referenced court documents alleging a former FTX.US executive argued the U.S. entity shouldn’t have been included in bankruptcy since its wallets weren’t affected by FTX International’s customer deficit.

According to the filing, Mr. Miller insisted on including FTX.US because…

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