I was on the FTX UCC for the bankruptcy.
@SBF_FTX is correct. If it weren’t for the bankruptcy lawyers, FTX could have paid us all out in-kind just like the Genesis and Gemini bankruptcies did.
Instead we were dollarized at $16,500 BTC while John J. Ray III paid $1M to each of his newly appointed board members to push through his $42M bonanza bonus package post-confirmation (not part of the bk plan we voted on)
SBF insisted that FTX was solvent and “could even repay crypto in kind.”
FYI, former FTX executive Dan Chapsky also claimed in a recent interview that FTX was solvent and could repay customers in crypto.
With SBF’s appeal approaching, the narrative battle between the pro-FTX bankruptcy team and his supporters is set to escalate.
Oct 14, 2025 · 7:52 AM UTC
coincidence?
The cognitive dissonance around SBF's appeal is astounding. I would expect "investigative journalist" to do at least a little research before drawing conclusions.
He can be a criminal and also have been denied a fair trial. Both can be true.
Who has the most to lose if a retrial surfaces previously hidden evidence of co-conspirators? Shouldn't this be lede that an "investigative journalist" should be uncovering?
Could it be Sullivan & Cromwell, the same entity with deep ties to Washington that allegedly:
1) commandeered control of FTX and the bankruptcy
2) lied to the judge about pre-petition work structuring an entity to ofuscate source of funds to purchase 7.5% of HOOD
3) assisted SDNY in seizing and illegally liquidating creditor property before SBF was even convicted. Just so happens to be given back to SullCrom's own clients Robinhood at $12 (now trading at $137), coincidence?
