Was Sam Bankman-Fried Proven Right About FTX’s Solvency?

Was Sam Bankman-Fried Proven Right About FTX’s Solvency?

Bankrupt crypto exchange FTX has recovered billions of dollars more than it needs to make the victim’s of Sam Bankman-Fried’s theft whole, according to the latest bankruptcy plan announced on Tuesday. Customers will receive $1.18 for every dollar’s worth of crypto assets they held on the exchange at the time of collapse in November 2022, plus interest.

This result – rare in the world of bankruptcies, where creditors typically receive pennies on the dollar – has raised a poignant question for some: Was Sam Bankman-Fried right all along?

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or

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